From what can be seen on the daily chart, the Litecoin cryptocurrency managed to break above the Failing Wedge pattern and the emergence of the Bullish 123 pattern which was followed by several Bullish Ross Hooks and its price movement moved above the Kumo along with the Tenkansen and Kinjunsen as well as the Chikou Span which was also above the Kumo. Litecoin in the next few days has the potential to appreciate, especially supported by confirmation from the CCI indicator which managed to penetrate above its three main levels (-100, 0, & 100 and is stuck in the -100 & 0 level area) so even though it is currently moving sideways, it is confirmed by Chikou Span which enters the middle of the candle body and Tenkansen & Kinjunsen which merge but Litecoin still has the potential to go to level 77.46 in the next few days as the main target and if the momentum and volatility are supportive enough then level 83.02 will be the next target to be aimed at However, you also need to be aware of the weakening correction, especially with the emergence of the Ascending Broadening Wedge (Pink) pattern and the big Christmas 2023 and New Year 2024 holidays in the near future, especially if the weakening penetrates below level 65.18, then the strengthening scenario described previously has the potential to becomes invalid and cancels itself.

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