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Litecoin To Continue To Outperform In Long Term

Analytics

www.fxmag.com 30 November 2022 09:35, UTC
  
Reading time: ~2 m

Litecoin has broken nicely above minor resistance at 77.49 and more importantly above resistance at 79.50 which confirms that the corrective decline has been completed and a new impulsive rally towards 96.90 should be seen in the weeks ahead.

Longer term, we are looking for Litecoin to continue to outperform with the price climbing even higher towards 143.90 and possibly even closer to the 2021 high at 413. On the way up, strong resistance will be seen at near 320. However, as always let's take the expected rally higher in baby steps and start by looking for a rally to 96.90. Then let's see if the rally gains impetus.

Relevance up to 06:00 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.


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