- Litecoin is gaining tempo above the $65.00 resistance in opposition to the US Greenback.
- LTC value is now buying and selling above $66.00 and the 55 easy transferring common (4 hours).
- There’s a key bullish pattern line forming with help at $69.00 on the 4-hour chart of the LTC/USD pair (information feed from Coinbase).
- The pair may acquire bullish momentum if it clears the $70.80 and $71.40 resistance ranges.
Litecoin value is recovering from the $68.20 zone in opposition to the US Greenback, like Bitcoin. LTC value may climb once more if there’s a clear transfer above $71.40.
Litecoin Value Evaluation
Previously few periods, there was a good improve in Bitcoin, Ethereum, Ripple, and Litecoin in opposition to the US Greenback. Earlier, LTC struggled to clear the $73.45 resistance zone and began a recent decline.
There was a transfer under the $72.00 and $70.00 help ranges. Lastly, the bulls protected the important thing help at $68.00. A low was fashioned close to $68.12, and the worth is now trying a recent improve. The value began a restoration wave above the $68.00 stage.
It broke the 23.6% Fib retracement stage of the downward transfer from the $73.45 swing excessive to the $68.12 low. Litecoin is now buying and selling above $69.00 and the 55 easy transferring common (4 hours).
On the upside, the worth is dealing with resistance close to the $70.80 stage or the 50% Fib retracement stage of the downward transfer from the $73.45 swing excessive to the $68.12 low. The subsequent main resistance is close to the $71.40 stage. A transparent transfer above the $71.40 stage may push the worth towards the $73.50 zone.
The subsequent main resistance sits close to the $75.00 stage. Any extra features would possibly ship the worth towards the $80.00 stage. On the draw back, preliminary help is close to the $69.00 stage. There’s additionally a key bullish pattern line forming with help at $69.00 on the 4-hour chart of the LTC/USD pair.
The subsequent main help is close to the $68.00 stage. If there’s a draw back break under the $68.00 help, the worth may speed up decrease towards the $65.00 stage within the close to time period.
Wanting on the chart, Litecoin’s value is buying and selling above $69.00 and the 55 easy transferring common (4 hours). Total, the worth may acquire bullish momentum if it clears the $70.80 and $71.40 resistance ranges.
Technical indicators
4 hours MACD – The MACD for LTC/USD is now gaining tempo within the bullish zone.
4 hours RSI (Relative Power Index) – The RSI for LTC/USD is now above the 50 stage.
Key Help Ranges – $69.00 and $68.00.
Key Resistance Ranges – $70.80 and $71.40.
