LTCUSD: 1M Long awaited arrival....of a 3 yr breakout?
Well folks, as above.
LTC appears on the verge of breaking UP and through a 3 year downtrend on the 1W chart similar to what BTC did back in July 2020.
How much interest out there for LTC still will dictate the price action after this but overall it is an encouraging sign for those HODLers and Bulls.
Look for resistance at around $65 and then low 80s if uptrend continues.
I think BTC dominance will have to fall before any real solid ALT bull market takes hold.
Stay tuned.
Good luck traders.
LTC appears on the verge of breaking UP and through a 3 year downtrend on the 1W chart similar to what BTC did back in July 2020.
How much interest out there for LTC still will dictate the price action after this but overall it is an encouraging sign for those HODLers and Bulls.
Look for resistance at around $65 and then low 80s if uptrend continues.
I think BTC dominance will have to fall before any real solid ALT bull market takes hold.
Stay tuned.
Good luck traders.
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