Last week litecoin was flirting with the $50 level. Since that time price was able to break through that key level and confirm the breakout with a successful test.
As you can see looking at the chart after price blasted above $50 we got an orderly pullback, touching that level on an intraday basis before rallying to give us a reversal candle on Jan 24th and pushing higher now.
For the upside the $63-$65 area are the next targets and then downside is that $50 support. So long as we stay above $50 price action is bullish to neutral.
Posted via Steemleo
