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Litecoin is following the expected path lower to test support near 67.85 before turning higher again. That said, we should be aware that we only expect a temporary setback before the next impulsive push higher towards 97.35 and ultimately, towards the long-term target at 131.05.
In the short term, we see minor resistance at 72.65 which could cap the upside for the push towards 67.85.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
InstaSpot analytical reviews will make you fully aware of market trends! Being an InstaSpot client, you are provided with a large number of free services for efficient trading.
