Litecoin seems ready for a new test of resistance at 70.44 a break above here will confirm that wave 2 has been completed and a new impulsive rally in wave 3 is in motion for a rally towards 130.05 and likely higher.
That said, we also need to stress, that a second attempt to reach support in the 60.00 - 61.78 remains a possibility but it should be no more than that a second attempt to reach this support area. If this support area is tested, that should complete wave 2 and set the stage for the next impulsive rally higher towards 130.05 and likely above.
