LTC has been on quite a tear for a good part of 2019, including a very strong run recently that peaked at .01776 BTC just 2 days ago.
Price is now sitting right near the major support/resistance level of .01567. This price level formed significant support from April to June 2018 before breaking down during a major selloff during the second half of the year. After initially serving as resistance in mid-March of 2019, this same level was breached during the swift run to .01892 in early April of this year, piggy backing on the BTC rally, only to break down again later in the month as BTC continued to climb. With the buzz of Litecoin's upcoming "halvening" of mining rewards as well as the recent convincing break past this .01567 level during the most recent run a couple days ago, I expect this level to once again serve as support, paving the way for another run soon to at least 0.01828 which is just under recent highs of 2019 reached in April.
Buy: .01567 BTC
Take Profit: .01828 BTC
Stop Loss: .01533 BTC
LTCBTC
Price is now sitting right near the major support/resistance level of .01567. This price level formed significant support from April to June 2018 before breaking down during a major selloff during the second half of the year. After initially serving as resistance in mid-March of 2019, this same level was breached during the swift run to .01892 in early April of this year, piggy backing on the BTC rally, only to break down again later in the month as BTC continued to climb. With the buzz of Litecoin's upcoming "halvening" of mining rewards as well as the recent convincing break past this .01567 level during the most recent run a couple days ago, I expect this level to once again serve as support, paving the way for another run soon to at least 0.01828 which is just under recent highs of 2019 reached in April.
Buy: .01567 BTC
Take Profit: .01828 BTC
Stop Loss: .01533 BTC
LTCBTC