Litecoin Price Analysis, Spread and Opinion

With a high of $120.53 and a current price of $119.59, Litecoin seems to be trailing at around $120. However, within a short time period, it is likely to go down to $118.48 to $119 the next few days. This is minimal expected resistance. The spreads of litecoin were positive correlations, but now it seems to be skewed towards a negative spread. A breakout potential for positive is likely given it is close to mid-term. Right now, I am estimating a $140 to $145 price by the end of the year is reasonable with medium risk. Litecoin has in the past and continues to be vulnerable to Bitcoin price correlations as well.