Litecoin Approaching Breakout, Why LTC Could Rally If It Breaks $150

Litecoin price declined heavily below $150, but it found support near $115 against the US Dollar. LTC is currently rising, but it is likely to face a strong resistance near $150.

  • Litecoin started a strong decline below the $165 and $150 support levels against the US Dollar.
  • The price is rising from the $115 zone and it is testing the 100 simple moving average (4-hours).
  • Earlier, there was a break below a key ascending channel with support at $165 on the 4-hours chart of the LTC/USD pair…

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