A strong bullish response at an important support zone lifted Litecoin above its 38.2% Fibonacci level, for the first time since the 19 May crypto crash. Before setting its sights on the 50% and 61.8% Fibonacci levels, a market correction was expected due to RSI’s overbought nature.
A few areas that could trigger a selling response can be found on the 4-hour timeframe. At the time of writing, LTC traded at $219.8, up by 15% over the last 24 hours.
LTC 4-hour Chart
Source: LTC/USD,…
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