Litecoin surges 13.43% in five days, breaking the $73 resistance.
LTC price forms a V-shaped reversal, leading to a rising channel rally.
Currently trading at $72.27, Litecoin tests the overhead resistance trendline.
The intraday candle shows price rejection at the 38.20% Fibonacci level near $76.
A minor pullback is possible following rejection from the $76 mark.
The 200-day EMA provides strong support at $70.66, sustaining bullish momentum.
An uptick in the 50-day EMA suggests a potential golden crossover soon.
MACD and signal lines remain positively aligned, reflecting increased bullish strength.
A breakout above the $82 mark could target the 78.60% Fibonacci level at $97.77.
Litecoin needs to surpass the $82 resistance to potentially hit $100.
If a pullback occurs, key support levels are at $68.53 and $60.
Litecoin's bullish channel formation signals continued upward momentum toward $100.
LTC price forms a V-shaped reversal, leading to a rising channel rally.
Currently trading at $72.27, Litecoin tests the overhead resistance trendline.
The intraday candle shows price rejection at the 38.20% Fibonacci level near $76.
A minor pullback is possible following rejection from the $76 mark.
The 200-day EMA provides strong support at $70.66, sustaining bullish momentum.
An uptick in the 50-day EMA suggests a potential golden crossover soon.
MACD and signal lines remain positively aligned, reflecting increased bullish strength.
A breakout above the $82 mark could target the 78.60% Fibonacci level at $97.77.
Litecoin needs to surpass the $82 resistance to potentially hit $100.
If a pullback occurs, key support levels are at $68.53 and $60.
Litecoin's bullish channel formation signals continued upward momentum toward $100.
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