Litecoin Price Daily Timeframe Indicates Strong Uptrend To $65

  • 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…

Source link

About bitcoin

Check Also

Litecoin: How traders can capitalize on this ‘ideal’ buy entry

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should …

Leave a Reply

Your email address will not be published. Required fields are marked *