The quotations of litecoin cryptocurrencies in recent days show a strong rebound in declines, which led to the breakdown of the downward trend line. As a result, the road is opened to continue the movement towards the north. The next target area for bulls is in this case the area of resistance in the price region of $ 175.
It is worth paying attention to the support level of $ 156, which test should be a good opportunity to connect to potential increases. In this region, there may also be a test from the top of the previously crossed trend line.
Breaking the said level of $ 175 should lead to an attack on the region of $ 190.
Risk Warning: The content of this analysis is for informational purposes only and does not constitute investment advice
