Litecoin has shot up perfectly as forecasted and hit our major resistance level before slowing down. Another rise could occur above 214.38 support (Fibonacci retracement, horizontal overlap resistance) to push price up further to 264.42 resistance (Fibonacci retracement, horizontal swing high resistance, Fibonacci extension).
RSI (34) is clearly above our major support lines which will maintain our bullish bias until broken
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This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results