Bulls are trying to take control of the situation and so far everything is working out successfully.
A strong support of 91.23 is being formed. If the bulls can hold this area, then LTC will show us an excellent growth towards the resistance of the ascending channel. The fundamental component for LTC is quite good, the network is constantly being updated and activity has been increasing in this network lately
A triangle is forming on the 1D chart, the price tends to test the resistance of the set-up. A slight pullback is possible, but in the medium term I expect a breakthrough of the upper limit. MA200 & MA50 act as support
I expect the growth to continue after the resistance is broken. LTC in the market feels a certain confidence that can allow the price to get stronger
