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We expect Litecoin to break above minor resistance at 70.27. A break above here will confirm that the corrective decline from 76.75 has been completed with the test of 65.26. A new impulsive rally is unfolding towards 96.71 and the former peak at 115.00. Eventually, a rally towards the long-term target at 131.05 is expected.
Short-term support is seen at 68.48 which ideally will act as a floor for the expected rally above 70.27.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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