LTC/USD rallied today, after hitting support at 161.15 yesterday. The rally took the crypto above yesterday’s peak of 179.14, thereby confirming a forthcoming higher high. This, combined with the fact that the price continues to trade above the upside support line drawn from the low of July 20th, keeps the near-term outlook positive.
We believe that the break above 179.14 may have opened the way towards the 197.15 zones, which is defined as resistance by the peak of…
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