Litecoin is testing the strong uptrend long-term resistanceÂ
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Litecoin is testing a strong upside resistance marked by a horizontal rectangle 230-250 zone. Based on the price action here it will continue consolidation between 200-250. If we see a confirmed price action break above 250 we could see a continuation to 400.
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On the weekly chart, we can see that Litecoin is in the medium-term broadening wedge resistance and is still indicating a strong upside momentum so we can’t exclude the 250 test. Support is 200 and as long as the price action is above this level we could see an uptrend continuation.
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