fxstreet.com 04 Feb, 2021 10:45 am

LTC enters new bull rally towards $300

LTC enters new bull rally towards $300
Litecoin price has seen a continuation of the stellar performance it had in 2020. At the time of writing, the token has witnessed a 100% year-to-date

Litecoin price has seen a continuation of the stellar performance it had in 2020.On February 2, Litecoin price put an end to the descending triangle consolidation.Hence, Litecoin price continues to trend higher, then $187 could be the bulls' target.Litecoin IOMAP chart While everything seems to be looking up for Litecoin price, the bearish outlook cannot be disregarded.

LTC/USDT 4-hour chart The 1-week chart shows an extremely bullish scenario for Litecoin as that may see it retest its ATH at $385.LTC/USDT 1-week chart Adding credence to both the optimistic view is Litecoin's holders distribution chart.

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