The Trust Layer for Market Analysts

Litecoin is analyzed within an uptrend channel. Historically, similar patterns in 2020 led to new all-time highs, however this is only speculation contingent on Bitcoin remaining in a bull market. If Bitcoin maintains a bull market, Litecoin breaking the 0.618 Fibonacci retracement level at $170 would send it towards the previous high of $409 and potentially a new all-time high at $768. Conversely, if Bitcoin breaks down from the bull market, it would signal a large bear flag for Litecoin, with a break below $70 potentially sending the price back to $40. Short term, Litecoin is bullish above $97, targeting $127. Short term, Litecoin is bearish below $97 for a move to $71. Until Bitcoin decides which way it wants to go, Litecoin can grind higher. Until Bitcoin decides we can speculate for grinding higher.