The Lite coin # 5 on coinmarketcap which is also called Mini BTC has not shown any impressive performance during the recent Bull run but during the past week it surged 39% and rallied to $124. It has broken major resistance levels, more significantly it broke 62% FIB. The next major Resistance levels are at $ 131, 135, 151 and 160. As many analysts are expecting a major rally in Alts Market once BTC price stabilizes and BTC dominance Index comes down to 60% then we might see Lite coin breaking its ATH record of $375.
Bitcoin prices is in the continuous surge for the past few months which resulted in the whole cryptocurrency market to be bullish. It is good to see the price of Litecoin is in the increasing so the major breakout may happen in the first quarter of 2021 only of the trend keep continues in the whole crypto market.