Why I'm bullish-
1-Litecoin broke downtrend,
2- Litecoin broke up out of pattern the top of which which was also 0.618 fibonnaci retracement level,
3-On 4hr timeframe, all 4 indicators are ( will try and post screenshot here or in comments) a- price above cloud, b- cloud is green or kumo twist, c- tenkan crossed the kijun similar to lines) and d- trailing indicator is above the cloud.
Also are expanding indicting larger price movements and fluctutions
All of this combined with the fact that Litecoin just piggybacked an upgrade off bitcoin developers is making for a environment and the next major stop over the nexts weeks and months should be back to the all time high around 100 dollars. Fibbonacci extension beyond that would suggest 130 dollars.
A good entry price is above 70 dollars and target 100. A good stop loss is below 60 dollars.