- Litecoin began a gradual enhance above $65 in opposition to the US Greenback.
- LTC value is now buying and selling above $66 and the 55 easy transferring common (4 hours).
- There’s a key contracting triangle forming with resistance close to $69.75 on the 4-hour chart of the LTC/USD pair (knowledge feed from Coinbase).
- The pair might rise additional if it clears the $70.80 and $72.00 resistance ranges.
Litecoin value is exhibiting optimistic indicators above $68 in opposition to the US Greenback, much like Bitcoin. LTC value might climb additional if there’s a clear transfer above $72.
Litecoin Worth Evaluation
Prior to now few periods, there have been largely optimistic strikes in Bitcoin, Ethereum, Ripple, and Litecoin in opposition to the US Greenback. Earlier, LTC shaped a base above the $60 degree and began a contemporary enhance.
There was a transparent transfer above the $65 and $68 resistance ranges. The pair even cleared the $70 resistance zone. A excessive was shaped close to $72.85 earlier than there was a minor draw back correction. The value declined under the 23.6% Fib retracement degree of the upward transfer from the $59.73 swing low to the $72.85 excessive.
Litecoin is now buying and selling above $66 and the 55 easy transferring common (4 hours). There’s additionally a key contracting triangle forming with resistance close to $69.75 on the 4-hour chart of the LTC/USD pair.
On the upside, the worth is going through resistance close to the $69.75 degree. The subsequent main resistance sits close to the $72 degree. A transparent transfer above the $72 degree might push the worth towards the $75 degree. Any extra beneficial properties may ship the worth towards the $80 degree.
On the draw back, preliminary help is close to the $67.80 degree. The subsequent main help is close to the 50% Fib retracement degree of the upward transfer from the $59.73 swing low to the $72.85 excessive at $66.20.
If there’s a draw back break under the $66.20 help, the worth might speed up decrease towards the $64.20 degree within the close to time period.
Wanting on the chart, Litecoin value is clearly buying and selling above $66 and the 55 easy transferring common (4 hours). General, the worth might rise additional if it clears the $70.80 and $72.00 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 degree.
Key Help Ranges – $67.80 and $66.20
Key Resistance Ranges – $70.80 and $72.00.
