LTC jumpstarts uptrend as $160 beckons – Confluence Detector

  • Litecoin sustains recovery to $150, but bulls have eyes on $160.
  • The confluence detector tool reveals the absence of formidable hindrances to the anticipated rally.

 Litecoin is up over 10% to exchange hands at $150. The bullish move comes after LTC/USD broke down to $110 on Monday. Recovery has been gradual but steady. Litecoin must close the day above $150 to validate the uptrend eyeing $160.

Litecoin battles the 50% Fibonacci level resistance

The $9.9 billion…

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