Quotations of one of the most popular cryptocurrencies Litecoin have been in consolidation for a dozen or so days. It looks like we are approaching decision, which may take place later this week. In the case of a northbound outbreak, I expect to reach the price at least around the resistance of $ 240.
Possible continuation of the declines assumes an attack on a strong demand zone, which was shaped in the price region of USD 155. Due to the strength of the indicated zone, I expect that there will be at least a short-term rebound in this area.
Due to the higher probability of implementing the growth scenario, it is worth mentioning the next target level near 280 dollars.
Risk Warning: The content of this analysis is for informational purposes only and does not constitute investment advice.