HI guys, Litecoin has been struggling to gain momentum in the past few months but its lagging behind other crypto assets. Does it mean its dead? i dont think so.
LItecoin stayed side ways for a long time, now its starting to pickup momentum. A solid Potential double bottom has been sighted and confirmed by recent bullish GOLDEN CROSSOVER (50/200 Ema Crossover). However in order for the double bottom to sustain, this bullish crossover must remain intact.
And then we have a good long term target which is 250 dollars in coming months.
However, depending on market condition, you can take profits around 100 -150 mark as well and look for re entry.
Best of luck
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