Can Litecoin Overcome the $66 Barrier to Reach $82?

Litecoin has experienced a period of consolidation characterized by reduced price fluctuations since its halving in early August

To embark on an upward rally, Litecoin faces a significant hurdle at the $66 mark that needs to be overcome

Within the context of a long-term ascending channel, Litecoin recently underwent a double-bottom retest of the lower trendline of this formation

This retest lends credibility to the notion of a potential bounce back from the $55 level

Consequently, there is a possibility that Litecoin could continue its upward trajectory, potentially reaching the $82 mark, which aligns with its 50-day Exponential Moving Average (EMA)

The primary factor influencing the achievement of this goal is how swiftly Litecoin can breach the $66 resistance level.