Can Litecoin Breakout??

Oct 5, 2021

Litecoin has caught some momentum, breaking through to higher levels in the upper $100 handle. We are currently meeting resistance at $174. We appear to be forming a value area between $165 and $174. We are seeing several red triangles on the KRI, suggesting we have a bit of resistance near highs which should take some momentum to break through. We are seeing a bit of a rally come through at the moment, but $174 should still provide resistance. If we can break through this level, there is a vacuum zone to $184, the next level above.