Technical Analysis Shows Litecoin is Gearing Up for a Rally to $100

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The aggregated crypto market has been caught within a firm and unwavering uptrend throughout the past 5 weeks, with Bitcoin’s movement towards $10,000 allowing altcoins like Litecoin to see some intense upwards momentum. In the case of LTC, the crypto is currently declining from its recent highs of $78.00, and bulls are in the process of defending it from dropping below what appears to be a key near-term support level. It is important to note that there is a consensus amongst analysts that the cryptocurrency could soon see some notable upwards momentum in the coming days and weeks, with one trader noting that its next key resistance exists at roughly $100. Litecoin Shows Slight Signs of Weakness, But Overall Market Structure Remains Bullish At the time of writing, Litecoin is trading down over 4% at its current price of $73.50, which marks a notable decline from daily highs of $78…

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