Litecoin price chart has developed a good price support level at $160-170 price level since the beginning of the month. Currently, Litecoin is trading at the $179.50 price level and it has a nice trendline support at around $175.
Analysts following Litecoin expect the coin to hit $200 level by year end. Considering the rise in Bitcoin and Ethereum, we expect Litecoin to rise now; a break above $185 resistance level, should send it quickly to $200+ price level. Looking at the chart, we can see a buy opportunity at current price $180 with immediate profit target of $191-200 and a stop loss order for protection at about $170.90