• Litecoin broke resistance area
• Likely to rise to resistance level 280.00
Litecoin cryptocurrency recently broke through the resistance area located between the multi-month resistance level 233.00 (which reversed the price twice in the middle of September) and the 50% Fibonacci correction of the downward price impulse from the middle of May, as can be seen from the daily Litecoin chart below. The breakout of this resistance area should accelerate the active medium-term corrective wave (2).
Given the clear daily uptrend Litecoin cryptocurrency can be expected to rise further toward the next resistance level 280.00 (target price for the completion of the active medium-term corrective wave (2).).