General trend: Litecoin is trading against the US dollar in a general cross-trend tilted to the upside, as the bearish price channel has been breached, and then stability has crossed between 67.40 to 80 levels, during last week's trading, to currently settle at The 73.50 levels, which constitute a strong demand area, in addition to the support represented by the upper line of the bullish channel, so we are likely to see the Litecoin rebound from those levels with targeting of 83.60 as a first price target.
As for the alternative scenario (the downside), which is the least likely according to the current signals, we will witness further declines to retest the 67.40 areas, for the third time in a row, and in the case of breaking that support we will witness a negative change in General trend in the short and medium term.
Expected general trend: bullish
Estimated traffic range: 37.30 to 83
