The price of Litecoin has risen further and resistance against the US Dollar was $ 54.50. The LTC / USD may be at a lower level, but a broken resistance may suffer at $ 52.00.
- ⦁ The price of Litecoin was even higher and it managed to move over US $ 54.00 and $ 55.00 (Kraken data flow).
- ⦁ The significant downward trend line highlighted yesterday was broken by resistance from the $ 53.70 daily chart of the LTC / USD.
- ⦁ The LTC price now stands well above your $ 52.00 support and a 100-hour simple moving average.
Litecoin (LTC) Price Foresight:
Yesterday we saw a good improvement over the $51.00 resistance at the litecoin price against the US dollar. The LTC / USD fell, but Ethereum helped the price and volatility prices recover to above $51.00.
Litecoin (LTC) Price Today – LTC / USD
As we looked at the chart, the LTC price went up further and managed to surpass the $ 54.00 and $ 55.00 resistance levels. In addition, the last decline experienced a breach at a low level, down from $56.55 to $47.00 above the 61.8% Fib recovery level.
On the upside, the significant downward trend that emerged yesterday was broken with resistance from the $53.70 daily chart of the LTC / USD. It opened the doors to gain more money and settled on top of your $52.00 support and a 100-hour simple moving average.
It is traded at a high level like $ 55.76 and is now concentrating on gains. A first support in the downside is that the last wavemaker’s 23.6% Fib retreatment will increase from $47.08 to $55.76.
Under $ 53.70 support, the broken trend line and 100 hour SMA can act as a support zone. The most important support in the negative direction is close to a resistance level of $ 51.85. In addition, the 50% Fib retreat level of the last wave fell to $ 55.76 from $ 47.08 and $ 51.42 to act as support.
As long as the Litecoin’s price is traded above the $ 51.50 support zone, it remains in a positive territory for a push towards the $ 57.00 and $ 59.00 levels. Otherwise, it can go back up to $ 50.00.