Litecoin tends to follow Bitcoin in price action and overall movement.
I think Bitcoin could see a slight pullback, but will also see a good deal of buyers soon. I think that LTC / Litecoin will grow quite a bit this year.
On the chart you can see where we have broken out of the ascending channel, and formed another and now it looks as though it may head upwards now.
We have a double rejection at this support zone (weekly zone).
We are now seeing buyers show up and could push price through this channel to possibly form another ascending channel and resume the upside.
I think Bitcoin could see a slight pullback, but will also see a good deal of buyers soon. I think that LTC / Litecoin will grow quite a bit this year.
On the chart you can see where we have broken out of the ascending channel, and formed another and now it looks as though it may head upwards now.
We have a double rejection at this support zone (weekly zone).
We are now seeing buyers show up and could push price through this channel to possibly form another ascending channel and resume the upside.
