LTC/USD - Buy low.

COINBASE:LTCUSD   Litecoin / Dollar
Traders like support or resistance to be tested 3 times before they take a shot. Price has tested support for a 3rd time and this pair looks like its gaining momentum. Bulls are coming to the fore to take price up.
When I look at this chart it seems the ascent has only just begun and we have along way to go. LTC is a good long-term hold and I believe has lots of room to go higher against the USD.
Take some profit at the first target level - 526.
Then the second 673 and the third 825. Targets are approximate - check for price action and a change of trend on the lower time frames to confirm targets.
Merci thank you

On the Money!
Thank You.
LTC should value 1/4 of Bitcoin, however maximalists look LTC like a copy-cat and i think this is a huge mistake. I'm not sure what percentage of bulls will choose $LTC instead of $ETH, but i believe next announcements will bring good profits.
@gxninja, Thank you for your wonderful research.
Thanks for your analysis My entry point was $228. I am waiting for an update. Thanks
@lagonlez, Well done - a perfect entry. I will update when we break resistance.
Thank you!
Good Point. I like the analisis. I think I will go long!
Thank you!
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