Litecoin (LTC) is on the verge of generating a bullish signal on the monthly SuperTrend, potentially signaling a long-term uptrend. Currently trading at $135.54, LTC has gained 5.87% on the day, testing an important resistance level at $136.81. A confirmed buy signal on the SuperTrend could attract more buyers and set the stage for sustained price growth. However, the closing price in February will be crucial in validating this breakout potential. If successful, LTC could target $200 and beyond in the coming months. Traders are closely watching for the confirmation of the SuperTrend buy signal before making decisive moves.
Bitcoin Flashing Early Signs of Bullish Divergence, According to Crypto Analyst – Here’s His Outlook