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…

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