The break out above $176 has completed a short-term double bottom, which has a minimum target objective of $243.
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If the LTC breaks above the trendline resistance (220), it can rally to $242 and then to $268.I believe that as long as the LTC/USD pair stays above $214, it is on target to reach $242. Once above this, a move to $270 and, after that, to $307 is likely.
So, traders should book profits at $240
So, traders should book profits at $240