Litecoin Price Analysis: LTC/USD moves higher once again but can't break 75.0

  • Litecoin trades 1.5% higher but was stopped in its tracks at 75.0.
  • On the daily LTC/USD chart the 80.0 psychological resistance looks strong.

LTC/USD Daily Chart

Litecoin is still in the hands of the bulls at the moment. 

Now the price has broken through 70.00 the support on the downside is at 63.87.

On the upside, resistance is holding at 76.63 with the psychological 80 beyond that. 

The RSI is in the overbought area but still looks like it has space to move higher.

The Volume has also risen which suggests the market is behind the move.

 

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.


RELATED CONTENT

Loading ...



Copyright © 2024 FOREXSTREET S.L., All rights reserved.