Litecoin, the cryptocurrency created by Charlie Lee, today maintains the upward trend it has taken for 4 days. With an increase of more than 17% from the 50% Fibonacci level, it is currently trying to overcome a very important resistance that could mean the start of another important bullish momentum.
The $ 63 is a point where there are many sales orders at the moment, we see in the following graph how I try to overcome it a few hours ago but without success, immediately the price fell back to the current levels above $ 60.26. This point is also an important level of support this week, so Litecoin has to decide between these two levels to know where it will move.
Breaking the R1 down would imply a pullback to the weekly pivot point around $ 55.36. Breaking the resistance at $ 63 could mean a price increase above $ 65. At the moment the volume seems to favor the trend.