The crypto strategist, Bluntz, believes that Litecoin (LTC) is showing bullish signs against the US dollar and Bitcoin (BTC). Bluntz refers to the completion of an ABC corrective wave against the US dollar and a bullish swing failure pattern (SFP) on its Bitcoin pair. Bluntz follows the Elliott Wave theory, which suggests that a bullish asset will experience a five-wave rally after a correction. He predicts that Litecoin will break through resistance at $147, retest it as support, and rally to $180. Other traders, including veteran trader Peter Brandt, have also expressed bullish sentiments towards Litecoin. Currently, Litecoin is trading at $119.60.



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