Litecoin Charted: Litecoin Price Daily Timeframe Indicates Strong Uptrend To...

Charted: Litecoin Price Daily Timeframe Indicates Strong Uptrend To $65 – NewsBTC

-

  • Litecoin began a robust upward transfer from the $41.50 help zone towards the US Greenback.
  • The value is now buying and selling properly above the $50.00 degree and the 100-day easy transferring common.
  • There was a break above a vital bearish development line with resistance close to $48.90 on the each day chart of the LTC/USD pair (knowledge feed from Kraken).
  • The bulls appear to be aiming a bigger upward transfer in direction of the $60.00 and $65.00 ranges.

Litecoin worth is gaining momentum above $55.00 towards the US Greenback. LTC is prone to proceed larger in direction of $60.00 or $65.00 so long as it’s above the 100-day SMA.

Litecoin Value is Forming Sturdy Uptrend

Lately, the crypto market gained traction, and there was a robust enhance in bitcoin, Ethereum, ripple and litecoin towards the US Greenback. Earlier, LTC shaped a robust help above the $41.50 on the each day timeframe earlier than staring the present enhance.

There was a transparent break above the $48.00 and $50.00 resistance ranges. There was additionally a break above a vital bearish development line with resistance close to $48.90 on the each day chart of the LTC/USD pair

It opened the doorways for extra upsides above the $52.00 degree and the 100-day easy transferring common. Litecoin even climbed above the $55.00 degree, and it’s now testing the 50% Fib retracement degree of the downward transfer from the $69.02 excessive to $41.68 low.

Litecoin Price

Supply: LTCUSD on TradingView.com

The following main resistance is close to the $58.80 degree. It’s near the 61.8% Fib retracement degree of the downward transfer from the $69.02 excessive to $41.68 low. The following key resistance is close to the $60.00 degree, above which the worth is prone to surge in direction of the $65.00 and $68.00 ranges within the close to time period.

Dips Possible Supported in LTC

If litecoin fails to proceed above the $56.00 resistance or the $58.80 zone, there are possibilities of a draw back correction. On the draw back, the primary main help is close to the $52.00 degree.

The principle help is now forming close to the $50.00 degree and the 100-day easy transferring common. Any additional losses may change the development and the worth may dive in direction of $45.00 and even $41.50 within the coming days.

Technical indicators:

4-hours MACD – The MACD is exhibiting constructive indicators within the bullish zone.

4-hours RSI (Relative Power Index) – The RSI for LTC/USD is at present rising and it’s effectively above the 60 degree.

Main Help Ranges – $52.00 adopted by $50.00.

Main Resistance Ranges – $58.80 and $60.00.

Let’s block ads! (Why?)

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest news

Bitcoin is already outperforming the halving that sparked $20K all-time high – Cointelegraph

Bitcoin worth has greater than doubled since its newest block subsidy halving and is now outpacing its final bull...

Bitcoin, Ethereum, Ripples XRP, Litecoin, And Chainlink Could Be Heading Into Their Biggest Week Ever – Blackchronicle

Bitcoin has despatched the cryptocurrency market hovering in present weeks with the...

Charted: Ripple (XRP) Weekly Chart Suggests Massive Breakout To $0.75 – NewsBTC

Ripple surged over 40% and it even broke the $0.4500 resistance towards the US Greenback. XRP worth weekly chart...

Ethereum and Ripple are exploding higher thanks to the growing interest in cryptocurrencies that lifted B.. – Business Insider

Yuriko Nakao/Getty Photos Ethereum and Ripple are hovering, echoing the highly effective rally in Bitcoin, as mass curiosity...

Five crypto bulls predict what's next for bitcoin as it closes in on an all-time high – CNBC

A visible illustration of bitcoin.studioEAST | Getty PhotographsBitcoin is again. The cryptocurrency last week passed the $18,000 level for...

Must read

You might also likeRELATED
Recommended to you