We've just seen $LTC break out of the triangle it's been forming since late February.
My mid-term target is around $280, however $BTC could ruin the momentum not just by going up, but also by going down, as we've seen in the past. (I am bullish on BTC though)
$LTC is one of the few altcoins that has (slightly) more market volume in $USD than in $BTC at the moment, OKCoin seems to handle about 50% of $LTC volume. Will be interesting to watch!
You can see the market share in volume on the following link - https://coinmarketcap.com/currencies/litecoin/#markets
I am waiting for a retest on the resistance turned support before committing to LONG on $LTC.
Happy trading!
My mid-term target is around $280, however $BTC could ruin the momentum not just by going up, but also by going down, as we've seen in the past. (I am bullish on BTC though)
$LTC is one of the few altcoins that has (slightly) more market volume in $USD than in $BTC at the moment, OKCoin seems to handle about 50% of $LTC volume. Will be interesting to watch!
You can see the market share in volume on the following link - https://coinmarketcap.com/currencies/litecoin/#markets
I am waiting for a retest on the resistance turned support before committing to LONG on $LTC.
Happy trading!
Comment:
And that is why we wait for the retest