Technical analysis by SunnyHillCapital about Symbol LTC: Buy recommendation (3/1/2025)

When we look at the monthly candle for Litecoin for Feb 2025, we have a bullish candlestick pattern, called the Dragonfly Doji. This candlestick pattern suggests that there are a lot more buyers that are able to withstand selling pressure.Additionally, to put the cherry on top, it just so happens that the wick of the Dragonfly Doji retraced to a gap of the Nov 2024 candlestick.I still think that the price of Litecoin will reach $900, also because it's likely that an ETF will be launched for Litecoin which helps fuel price to the upside.I posted a bullish Elliott Wave count for Litecoin and this months price action is something that strengthens my bias. Here is my EW count for Litecoin that I posted earlier: Let me know what you think.Good luck!