Can Litecoin Break Out?

1 Sep 2022

Litecoin has made a run for highs, testing our level at $55.84. We are seeing a lot of red triangles at this level, suggesting that this is an auspicious level for LTC and it will take quite a bit of momentum to punch through. We are seeing quite a bit of volatility, and are rapidly oscillating between $51.92, and $55.84. We do seem to be tending toward this upper bound, and potentially gearing up for a breakout. If so, we must maintain sufficient momentum to pass through the vacuum zone above to the next level and target at $61.75.