Litecoin Buying Opportunities and Profit Targets

Litecoin is still tracking Bitcoin, even in its lethargy. LTC is currently sitting at levels of support from Fibonacci levels anchored at the extrema of this most recent wave. We will have support from $132, $124, and $111. All should be considered buying opportunities. Eventually LTC should break out and we will have resistance at $138, $145 and $154. These can be thought of as profit targets if you are trading LTC. We still have a way to go before $166, the upper bound of the recent wave, or $186, all time highs, but these should also be thought of as longer term targets.