- The LTC/USD price bounced off the 38.2% Fibonacci retracement to move higher.
- The previous wave high will now be the target to beat for the bulls.
LTC/USD 4-Hour Chart
Litecoin has retraced over the last few sessions but found some support at the 38.2% Fib level.
The level coincided with some previous support and historically has been a sticky point for the price.
Elsewhere, if that level breaks the 50% level could also act as a support level too.
Now if the bulls regain control of LTC/USD the previous wave high of 84.50 should be the target to beat.
On a longer-term basis, if a lower high wave is made then the bulls might start to worry.
Additional Levels