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Litecoin forecast - THIS is the last chance for the Litecoin course!

 


Litecoin price managed to reach the $96.8 support about two days ago. This support has served as support three times in the past, so caution should be exercised. If this support breaks, we expect the price to drop to the next one located at $78.6. However, the Litecoin course seems to have found buyers, which is why the course could rise a little in the next few days. We expect price to touch the trend line next. Thus, the price could rise another 4% before a rejection could occur. After the price hits the trendline, we anticipate a retest of the $96.8 support.

The Litecoin price is currently in a descending triangle, which is why we assume that the price will sooner or later break out in a bearish way. This could also happen at any moment as the price is in the last third of the formation. Formations usually break out in the last third. Once Litecoin price breaks the $96.8 support, we anticipate a confirmed breakout. We then expect prices around $78.6 to target the next support. This is the first goal in our eyes.

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