Litecoin tested the former high at 84.89 but didn't break through on the first attempt as we expected. After a temporary corrective setback, we expect that a break above 84.89 will be seen in the next attempt for a continuation higher towards 96.10 as the next minor target and 121.68 as our next major upside target.
Short-term we see support near 79.68. We expect this support to act as a floor for the break above 84.89 on the way higher to 96.10 and 121.68.
Relevance up to 07:00 2023-01-11 UTC+1 Company does not offer investment advice and the analysis performed does not guarantee results. The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
