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Litecoin (LTC) Price Analysis: Bulls Eyeing Upside Break Above $50

From livebitcoinnews.com

This week, there was a fresh increase in bitcoin, Ethereum, ripple, and litecoin against the US Dollar. LTC price traded above the $47.80 and $48.00 resistance levels to move into a positive zone. It traded close to the $50.00 resistance and settled well above the 55 simple moving average (4-hours). A high is formed near the $49.89 level and the price recently corrected lower. It broke the $47.80 support zone, but dips remained well supported. It tested the $45.50 support area and traded as low as $44.52. The bulls are currently in action and the price is back above the $47.00 level. There was a break above the 50% ... (full story)

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  • Category: Technical Analysis