LTC/USD - When $400? Soon! 🚀🚀🚀

Litecoin is lagging behind its big brother BTC and has still to reach its old ATH at $366.

I am very confident LTC will eventually reach and exceed its current ATH. It's just a matter of time. If you check the BTC pair you will see LTC is about to break out of a massive descending wedge which will easily double the LTC price once that happens.

On the USD pair here, you can see that we are at support so a good opportunity to reload into LTC before a major move up towards $240 and $300 which are our next immediate targets. Then ATH will be in range.

The indicators are turning bullish and we just need a bit more volume to start the momentum up. Once that happens, LTC should do a quick run to $240.

We also have a bullish divergence on RSI, which will not take long to confirm as long as BTC and the overall market remain bullish.

Hence, my bias is very bullish on LTC and a great long term play. LTC has been a bit slow to catch-up on the overall market, so it will eventually pump hard. Good to use these moments to reload.

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