Litecoin Price Forecast: LTC lifts off the Launchpad while $250 beckons – FXStreet

• Litecoin bulls engage forward gears after settling above the 200 SMA crucial level.
• A break above the 100 SMA and the 50% Fibonacci level to push LTC above $200 and pave the way for gains eyeing $200.
• The IOMAP shows the absence of strong resistance zones, adding credibility to the uptrend.
• A recently formed death-cross pattern may limit the bulls’ influence over the price.

Litecoin has set out north after bouncing from support at $152. Initially, recovery was gradual but became…