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Litecoin Eyes Potential Move Above $48: Price Analysis

From dcforecasts.com

Litecoin eyes a serious potential towards the $48 price level after spending two weeks consolidating as we reported previously in the Litecoin news. What is Litecoin doing now to find stable support is gliding through the volatility that most of the stablecoins got hit by. After falling to as low as $25 back at the beginning of March, Litecoin bounced back dramatically and is now consolidating below the $40 resistance level. A further breakout above $40 could mean that an upcoming 20 percent rally to the upside can happen with $48 becoming the main target to the upside. The market is seemingly in a downtrend and ... (full story)

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  • Category: Technical Analysis