Litecoin Is Outperforming Major Altcoins, Why Dips Remain Attractive

Litecoin price is up over 10% and it broke the $80.00 resistance against the US Dollar. LTC is consolidating gains and dips are likely to be limited below $78.00 and $76.50.

  • Litecoin started a strong increase above the $75.00 and $80.00 levels against the US Dollar.
  • The price traded to a new monthly high near $84.12 and settled above the 100 simple moving average (4-hours).
  • There was a break above a contracting triangle with resistance near $75.10 on the…

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