Litecoin Shows Signs of Life

Litecoin made a meager breakout too, along with BTC and ETH. Unlike ETH, LTC still has a ways to go before new highs. Currently, we are facing resisntace at $154, which is a Fibonacci level. $166 will provide resistance if we can break through. It is much more likely that we will retrace a bit or range first, since LTC is already a bit extended. It is holding a pretty broad range between $124 and $154. But if it extended the range to $111 and $166 that would not be unreasonable. We still have a way to go before all time highs, so use this time to accumulate a position for the long run. In the short term, avoid FOMO.