On the chart we can see a bearish setup
. First of all, there were two ascending supports, both of them were breakdown. Now these supports transformed into resistances
. There is only one thing that keeps the price and doesn't let one to fall - the support level at the 83$
. In case this support will stay strong, $LTC will get great
chances of going upward and coming back into ascending channel
. The first sign of up-trend continuation will be the breakout of the $97 resistance, next resistances are $109 and $125. When Litecoin will come back into the ascending
channel, you need to closely follow its location relative to global support
which helped $LTC to pump many times before.