Litecoin (LTC) bounced off the breakout level of $66.14 on Feb. 4, which is a positive sign. It shows that the bulls are defending this level aggressively. If the price can sustain above the minor resistance at $73.52, a rally to $80.27 is possible.The bears will try to defend the resistance at $80.27 aggressively. However, if the momentum can carry the price above $80.27, the LTC/USD pair can rally to $96.43.
My personal bullish view will be invalidated if the price reverses direction from the current levels and slides below the strong support of $66.14.
My personal bullish view will be invalidated if the price reverses direction from the current levels and slides below the strong support of $66.14.