Litecoin Breaks Higher — $75 Is the Next TestLitecoin / TetherUSBINANCE:LTCUSDTDukesMarketAnalysisWeekly Structure Turns Bullish Litecoin has broken above the key $60.61 swing high, giving the weekly chart a bullish change of character after recovering strongly from the $39.28 low. Major Moving Averages Reclaimed Price has now moved above the 200, 100(not on this current chart) and 50-week EMAs. This is a significant improvement for a chart that had spent much of the year trading below them. 0.618 Fib Smashed LTC has driven straight through the 0.618 Fib at $67.47 and is already approaching the 0.786 retracement around $75.13. Momentum Is Getting Stretched RSI continues to climb and is approaching overbought territory, while StochRSI is already extremely overbought. After such a sharp move, a pause or pullback wouldn't be surprising. Next Levels Above The immediate test is the 0.786 Fib around $75.13. A convincing break above there would bring the significant $84.89 high back into focus. In Summary Litecoin's weekly picture has improved significantly after breaking the $60.61 structural high and reclaiming the major moving averages. Price has also smashed through the 0.618 Fib at $67.47 and is now quickly approaching the 0.786 Fib around $75.13. Momentum is becoming stretched after such a strong move, so some consolidation wouldn't be surprising. If bulls can clear $75.13, the significant $84.89 high becomes the next major level to watch.