LTC Long Term Prediction

1 ביוני 2017

After moving in an uptrend due to Coinbase & Segwit activation, LTC has been trading within a channel of $22 - $38. RSI has been able to cool down during this consolidation. I think that we'll eventually see a continued move upward past this channel and begin to move towards the $40-$50 range over the next few weeks or upcoming months. If we see a break towards the downside and see the price slip to the $19 area, I believe we will see some continued downside. For now, however, the consolidation looks healthy.