Litecoin Technical Analysis Report 9 July, 2021

• Litecoin reversed from support area
• Likely to rise to round support level 150,00

Litecoin cryptocurrency today reversed up from the pivotal support level 125.00 , which has been reversing the price from the start of this year, as can be seen from the daily Litecoin chart below. The upward reversal from this support level stopped the extended intermediate ABC correction (2) from the start of May.

Given the improvement in risk sentiment as seen across the cryptocurrency markets today – Litecoin cryptocurrency can be expected to rise further toward the next resistance level 150,00 (which reversed the end of June and also at the start of July).

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