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.
Over the past week we have seen a huge pressure on crypto coins causing the index to correct from the upper zone, this may affect the value of the coin which is increasingly stable in the market, Alts have a reputation that must be maintained, so that more and more people believe in them.
The main resistance is maintaining market stability which affects the buying and selling values, if the dominant BTC index goes down then the possibility of coin lite going up and being able to break records is very high, but this job is tough in my opinion it will take a long time to reach this position
However, we must be optimistic about what has been discussed, considering that nothing is impossible in this crypto world, even BTC itself is not so many people predict will be an option in the future, but now proves it with their hard work.
BTC will not rule out the possibility to be lite in improving, meaning that the opportunity remains for anyone who wants to turn people's distrust into an option in the future.