Analysis of Litecoin Price (LTC): Above $130, more gains are possible.

  • In terms of the US Dollar, Litecoin is aiming for an upside break over the $130 resistance.
    The price of LTC has risen above $120 and is presently trading above the 55-day simple moving average (4-hours).
  • On the 4-hours chart of the LTC/USD pair, a strong bullish trend line is formed with support near $121. (data feed from Coinbase).
  • If the pair manages to break through the $130 resistance zone, it might begin a new upward trend.

    Similar to bitcoin, the price of Litecoin is rising above $120 versus the US Dollar. If the price of LTC rises above $130, it may signal the start of a strong uptrend.

    Analysis of the Litecoin Price

Read More

X