Litecoin Technical Analysis Report 12 February, 2021

• Litecoin broke key resistance level 180.00
• Likely to rise to resistance levels 200.00 and 210.00

Litecoin cryptocurrency continues to rise after the earlier breakout of the key resistance level 180.00 (which stopped the previous impulse wave 1 at the start of January). The breakout of the resistance level 180.00 accelerated both of the active impulse waves 3 and (3) – which started in January and also in September of 2020 – as can be seen below.

Given the overriding uptrend that can be seen on all time frame charts – Litecoin can be expected to rise further toward the next round resistance level 200.00 – the breakout of which is likely to lead to further gains toward the next resistance level 210.00 (target for the completion of the active impulse wave (3), top of the wide up channel from 2020).

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