quantguy

Next Price Target for Litecoin

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BITSTAMP:LTCUSD   Litecoin
Litecoin appears to be in the final stages of a dragon head pattern as well. It has grown a lot more modestly than Bitcoin or Ethereum which have absolutely exploded. This makes it slightly less risky, since there are not these oceans of vacuum zones below to serve as targets when volatility picks up. This is a great long term hold, and it is still affordable to own a whole Litecoin. it is currently sitting at $153, which is perfectly in line with our Fibonacci extension. The next level will be $173, and is our next price target.

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