🔥 Litecoin Long-Term Analysis: Bullish Channel

We've all see the amazing run of LTC over the last couple of days. LTC has been underperforming the market severely, so this is a nice thing to see after such a long time.

Over the long-term, LTC has formed a nice bullish channel, which spans over 1.5 years of trading.

Seeing current price action and the general state of the market, I'm confident that LTC will be trading near its current bull-cycle top in the coming months. First target placed at $390, the current cycle top. We might even shoot to $600 in case of a massive alt coin rally, but that's still up to speculation.

Be aware that the price might fall towards the prior local top before going up.

Happy trading!