Litecoin price experiences breakout: Litecoin (LTC) recently broke out after a range-bound period, hitting resistance at 122 USD and 140 USD. Trader Jip Molenaar cautions about untested support around 69 USD to 70 USD, suggesting potential liquidity issues.
Support and resistance levels matter: The chart highlights defined support at 69 USD to 70 USD and resistance at 122 USD and 140 USD. Traders should monitor these levels closely; a failure to remain above key resistance could signal a future pullback.