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.