Litecoin is striving to maintain its growth.

Analysis of technical data on the weekly time horizon shows that the Litecoin price has been moving below the downward resistance line since April 2021. In June 2022, it reached a low of $40 and began to move upwards, which led to a breakout of the trend line in June 2023. However, LTC was unable to maintain its growth and returned below this line again. The October momentum raised the price above the resistance again, but this attempt was unsuccessful.

Recently, the asset confirmed the long-term line as support and began to grow, but this week the price of Litecoin returned back.

At the moment, the relative strength index (RSI) is at the level of 50, which indicates an uncertain trend.

Analysts express different opinions about the future prospects of the Litecoin price. Grayscale Litecoin emphasized that this asset is ahead of other altcoins and suggests that the price may catch up with it.

There is also uncertainty on the daily time horizon. This is due to price fluctuations and RSI indicators.

If the Litecoin price fails to stay above the current level and falls below $68, then an 18% correction may occur to the next support level of $58. However, if the price settles and fixes above $76, then this could open the way for a 30% increase to the next resistance level at $92.50.