LTC has been making investors happy in the latest days. Strong basis and literate PR from the project leader has led to a strong movement in LTC and new historic maximum.
- The historical maximum above $90 has formed. This zone is resistance right now. News feed, heated by Charlie Li, is very strong.
- LTC is one of the leaders in trading volumes over the last couple of days. Mortgage rates are at a very high level.
- LTC also fell down a bit following Chinese news, but right now it is a recovery leader.
LTC shows really bullish moods, because of the Lightning Network news. In case of full-blown LN implementation, the strong price rally will follow. This news attracts many long term investors.
If we talk about the next week, the most likely turn of events is high tests. The closest resistance is around $90 zone. If there is no negative, maximums tests are very likely. If there is not enough buyers to make a full blown test, then volatility decrease and consolidation is possible.
Traders should watch for volumes and control the risks.