Cryptolean Litecoin LTC Update

In the daily LTCUSD chart, in the beginning of the week, Litecoin had a fake-out to below $80.43 into the daily range zone.

However, it recovered strongly, re-confirming $80.43 as a support.

The current price action in Litecoin is very interesting as it is testing the key daily resistance of $88.82-$92.07.

A bullish break-out of $92.07 is needed to have a rally towards $100.

A bearsih rejection of the key daily resistance of $88.82-$92.07 will lead to a re-test of $80.43.