Litecoin is following the expected path lower to test support near 67.85 before turning higher again. That said, we should be aware that we only expect a temporary setback before the next impulsive push higher towards 97.35 and ultimately, towards the long-term target at 131.05.
In the short term, we see minor resistance at 72.65 which could cap the upside for the push towards 67.85.
