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In our last analysis we showed the bullish channel LTC/USD was in and noted that a push towards the upper channel boundary towards $175 was highly likely as long as bulls held price above $160.
LTC/USD momentum remains bullish as price continues making higher highs and higher lows. Price reached the upper channel boundary and made a high today at $174.51. Support is at $152.50 at the lower channel boundary. Any pull back towards that support level is considered a buying opportunity as bulls remain in control of the trend. Exiting the bullish channel is something bulls do not want to see.
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