Litecoin Faces Resistance but Momentum Still Strong

A slight pullback in LTC is observed at highs as it faces resistance from the upper bound of the KRI. Both momentum indicators are positive indicating momentum is strong despite some pullback. We have strong levels of support at $102, $100, and if we face a major pullback, at $89 and $87. Good profit targets include Fibonacci Extensions and Nested Fibonacci Extensions at $130, and $138.50.

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