Once again Litecoin failed to break above resistance at 98.60 which was punished with another downside push to test strong support near 92.40. This was a bit deeper than we expected, but still within the allowed guidelines. Ideally, we will see the support near 92.40 continue to hold firm and start pushing Litecoin higher to re-test strong resistance near 98.60 which needs to give away to confirm that the corrective decline from 114.92 has been completed and a new impulsive rally is unfolding towards 114.92 and higher to the next target at 131.05.
