Litecoin price gains mesmerize, but technicals at a crossroads

• Litecoin price punches key Fibonacci resistance before closing in the lower third of the weekly range.
• Bearish momentum divergence on weekly Relative Strength Index (RSI) is a barrier to new highs.
• Significant clusters of resistance shown on the IOMAP data.

Litecoin price corrected 28% during the broad cryptocurrency meltdown on the weekend but did close positive for the week with a gain of almost 9%. The popular narrative in the crypto channels is that LTC will test…