LTC is Rallying! ETH Looks Ready To Follow....
LTC (Litecoin) is currently breaking out, currently up over 19% for the day at $62.00.
So far the rally looks sustainable as more volume continues coming in. I expect LTC to hold these new levels above $55, and start sideways consolidation between a trading range of $55-$64ish. (Similar to previous trading ranges for LTC.)
ETH (Ethereum) is currently trading for $339.91, up just over 2% with low volume.
If volume comes in, I predict ETH will join the current LTC rally.
ETH has some resistance around $344 and $360, but if it can get through these, it should be a clear and quick run back up to $400.
What are your thoughts?
Happy Trading!
Jason G