Litecoin (LTC) bounced off the breakout level of $66.14 on Feb. 4, which is a positive sign. It shows that the bulls are defending this level aggressively. If the price can sustain above the minor resistance at $73.52, a rally to $80.27 is possible.The bears will try to defend the resistance at $80.27 aggressively. However, if the momentum can carry the price above $80.27, the LTC/USD pair can rally to $96.43.
My personal bullish view will be invalidated if the price reverses direction from the current levels and slides below the strong support of $66.14.
My personal bullish view will be invalidated if the price reverses direction from the current levels and slides below the strong support of $66.14.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.