Litecoin (LTC) Price Analysis: Bulls Likely Preparing For Strong Surge

Moreover, there was a break above the 50% Fib retracement level of the downward move from the $41.47 high to $36.61 low. It is testing the 61.8% Fib retracement level of the downward move from the $41.47 high to $36.61 low.

If there is an upside break above the $39.60 level, litecoin price might rise towards the $41.00 resistance. The next key support is near the $35.60 level, below which the price could dive towards the $32.00 level.

Timeline of Litecoin