LTCUSD – Litecoin breaks resistance level, is new support at $114.8?

LitecoinLTCUSD prices broke above the key resistance level today at 114.8 (top of the previous minor wave (a) from the beginning of March). The breakout from this resistance level accelerated the active short-term impulse wave (c) of the higher-order ABC second correction from late February.

 

Given the widespread bullish sentiment across the cryptocurrency market today – Litecoin prices are expected to move up further towards the next resistance level 132.20 (top of wave (ii) from the middle of February and the target for the completion of the active ABC correction 2).

LTCUSD - Primary Analysis - Mar-22 1109 AM (1 day)

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