Litecoin In A Bullish Channel

Today, Litecoin picked up speed after being dormant for a few days. Traders are seeing that other large caps like ETH are seeing strong returns, so naturally they are investing in other large caps which are being left behind a little. While you're here, take a look at my other Litecoin idea's, there you can see my longer term prospects for this amazing coin!

For now, LTC is inside a nice channel, where it reversed from the bottom strongly yesterday. The most important resistance to beat now is based at R1, the last high of $184. I placed R1 on $180 since I think the round number is more important. If bullish pressure keeps strong like today, we might even see LTC shoot up towards the $200 level, R2.

Happy trading!