Litecoin can rise above 70

13 de set. de 2022

Since the 40 low made in mid-June, Litecoin has started to rise and made a high at 65.
For a month now the coin is trading in a range between that high and a low at 52 and with the lifted pressure from the crypto market this range can be broken to the upside.
In my opinion, dips under 60 should be bought in anticipation of an upbreak and continuation of the recent up reversal.
Bulls can target the resistance above 70 and negation of this scenario comes with a drop under rectangle's support