Litecoin Shows Some Intriguing Opportunities

LTCUSD continues a rapid bullish movement within the yellow channel in the direction of its upper wall. Most likely, the bulls have enough potential to reach the upper wall of the yellow channel and the resistance level of 80.54.

Thus, the bullish trend towards this target may continue in the near future.

After reaching the level of 80.54, the market can turn around and start moving down to 50.60. It is unlikely that the reversal will occur before the resistance level is reached because to move the price so far down, the bears must have a lot of forces that they can take when rebounding from a strong resistance.