- Litecoin started a strong upward move from the $41.50 support zone against the US Dollar.
- The price is now trading nicely above the $50.00 level and the 100-day simple moving average.
- There was a break above a crucial bearish trend line with resistance near $48.90 on the daily chart of the LTC/USD pair (data feed from Kraken).
- The bulls seem to be aiming a larger upward move towards the $60.00 and $65.00 levels.
Litecoin price is gaining momentum above…