LET'S CONSIDER #LTC

Active buying of $LTC funds tells us that either ETF or ETP adoption is predicted for this asset. (A list of assets for which ETF adoption is predicted will be in the next post). I do not expect significant movements by hundreds of X's in this cycle.

According to technical analysis, the asset is in a pretty good zone for purchases, where it forms bullish patterns on different timeframes (descending wedge and bullish engulfing). The next resistance level is at $101 or 0.786 according to Fibonacci, upon reaching which, I expect a retest and continuation to $135-145 in the medium term.

If they rebound to the $62 area, I will add to the position on the futures.

I will consider fixing spot positions in the region of 280-340$