🔥 Litecoin: Prepare For Break Out

Like many other alts, LTC has been forming a triangle pattern over the last week or so. At this very moment, LTC is at the end of the pattern, potentially gearing up for a strong break out move.

This move can go two ways. If BTC reverses downwards, we can see a bearish move from LTC with the first target around $118, potentially lower if BTC goes below 30k again.

If BTC manages to break above the strong resistance around 35k, we might see LTC reaching up towards $137, potentially more if BTC manages to push towards 40k and beyond.

Keep a close eye on BTC when trading alts. Especially larger ones like LTC are highly correlated to BTC.

Happy trading!