Couple hours ago I had posted that it seemed that Litecoin was on the verge of breaking out. Since my last post, Litecoin has broken over $44.
We did hit $43.20 twice, but held our ground. This is good sign as we have strong support at those levels. In addition to testing $43.20, the chart formed a double bottom and bounced back over $44. Even though it's way to early to tell, we are looking good.
Support is at $43.20, resistance is at $45.00, we break $45, we will def see higher ground. Let's push higher baby!
Yeah litecoin is back :D
Lets hope that we go over 50 this time... ^^
I hope so! If we break $45,$47, then we test $50 again, easily. Great times ahead indeed, if you're long you will see $50 within this month!
Totally agree. I've been in LTC for a month now and everything seems to be very positive, including the leader Charlie (and his meetings in China).
So lets speculate a bit here - China has selected the winner - ltc however needs much higher market cap to cope with supply.
China knows ltc is still linked to btc at the moment so will gradually beef up ltc until its cap is decent enough to sustain itself. Then btc will be moved to ltc.
Just speculation here =D