$LTC

Analysis:

LTC

134.9

+4.95%

Good morning, guys! Have a great weekend.

Let's start the day by analyzing chart $LTC .

LTC has one of the strongest charts right now, and we all know it has the potential to be the next ETF candidate. On the daily time frame, LTC is still trading inside a horizontal channel, which is acting as a consolidation zone before an impulsive move up. In my opinion, a breakout is coming soon, so it's wise to position ourselves early to take advantage of the move.

From a technical analysis perspective, LTC needs to break above the horizontal resistance—the upper boundary of the channel—to push higher. A small-sized long entry at the current market price makes sense, and we'll add more once it successfully breaks above the resistance.