LTC Price Prediction: Will A Breakout Be Attempted 🤔🤔🤔🤔
The technical analysis of the daily timeframe is consistent with the bullish indicators of the weekly one. The chart shows that LTC is in the process of breaking out of the ascending triangle that has existed since August 2022. Although the altcoin broke through the resistance, it has yet to reach a daily close above it.
The daily RSI supports the breakout: the indicator has risen above 50 and is rising. If the uptrend continues, Litecoin could reach the $95 resistance zone, which is 28% above the current price.
However, a break from the $75 resistance level could lead to a 12 percent drop to the triangle support line at $68.
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