LTC processed gains of more than 32%

Over the daily chart, the price has built a yearly high of $112 by April 1st, 2024. The price of LTC fell, which formed a support this month at a historically proven support zone of $50, after dipping as low as $49.90 by August 5th.

Last two weeks the price of LTC processed gains of more than 32%. It traded at $65.48, with intraday growth of nearly 4%. The price has launched a projectile toward the long-coming down dynamic trendline and seems poised to pierce the EMA bands from below.

Similarly, as observed by other oscillators on the daily chart, it's evident that the price seeks more growth. As MACD showed a bullish cross, where the histogram was at 0.71, and the RSI curve has taken support on 14-SMA at 50.98.

Over the daily chart, the confirmation could be achieved for further propulsion in price, based on the sustenance developed above the CHoCH level of $74.

Over the daily structure, short-term targets can be achieved if a breakout prevails. Based on the Fibonacci retracement tool, the targets could be at $115, $145, and $176, respectively