Hey traders,
From the most recent LTC read signaled from $99.50, the price of LTC hit all the take profit levels and wicked the previous 2019 high level of $136.
We didn't ever see a close above this level which is a bit concerning, but I don't believe the bullish momentum for Litecoin is over just yet.
However, if BTC pulls back a bit to 25k then we could see another retest of the $114 level of support before moving back up. This would still create a higher high and keep the bullish momentum alive. Of course there is going to be a pullback after matching par with the 2019 high, people are taking profits and you should plan around that accordingly.
If BTC continues to consolidate or even push a bit higher and Litecoin can close over $136 then these take profit levels are valid going into the new year:
TP1 🎯$145
TP2 🎯$159
TP3 🎯$171
TP4 🎯$183
If this move starts to fall, it's coming back down to $114
From the most recent LTC read signaled from $99.50, the price of LTC hit all the take profit levels and wicked the previous 2019 high level of $136.
We didn't ever see a close above this level which is a bit concerning, but I don't believe the bullish momentum for Litecoin is over just yet.
However, if BTC pulls back a bit to 25k then we could see another retest of the $114 level of support before moving back up. This would still create a higher high and keep the bullish momentum alive. Of course there is going to be a pullback after matching par with the 2019 high, people are taking profits and you should plan around that accordingly.
If BTC continues to consolidate or even push a bit higher and Litecoin can close over $136 then these take profit levels are valid going into the new year:
TP1 🎯$145
TP2 🎯$159
TP3 🎯$171
TP4 🎯$183
If this move starts to fall, it's coming back down to $114
