Litecoin continues to add downside pressure as it broke below support at 75.37. We should ideally see Litecoin move closer to the ideal corrective target at 65.83 before completing wave 2 that should set the stage for a new impulsive rally, that ultimately should take out the peak of wave 1 at 105.67 for a move closer to at least 131.05 and more likely closer to 171.43.
Short-term we now see resistance at 77.29 and the near 79.67 which is expected to cap the upside for more downside pressure.
