Litecoin continues to follow the expected path higher and is now facing resistance at the former high at 84.89. We expect Litecoin to break through this resistance, but it may not succeed in its first attempt, but ultimately a break should be seen for a continuation higher towards 104.96 and 121.68 as the next upside targets. Short-term we see support at 79.62 which ideally will act as a floor for the break above 84.89 for the next rally higher to 104.96.
Relevance up to 06:00 2023-01-10 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.
