By Litecoin cryptocurrency can be expected rise further toward the next resistance level 75.00 – target price for the completion of the active impulse wave C.
Litecoin broke resistance zone
Likely to rise to resistance level 75.00
Litecoin cryptocurrency has been rising sharply after the earlier breakout of the resistance zone between the round resistance level 60.00 (former multi-month resistance from May, as can be seen from the Litecoin chart below), resistance trendline of the daily up channel from June and the 50% Fibonacci correction of the downward impulse from January. The breakout of this resistance zone accelerated the active impulse waves 3 and (3).
Given the strength of the active impulse waves 3 and (3) and the predominantly bullish sentiment seen across the crypto markets today, Litecoin cryptocurrency can be expected rise further toward the next resistance level 75.00 – target price for the completion of the active impulse wave C.
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