Litecoin price analysis: LTC/USD trades above $150 with little reaction to Litecoin positive news
|- Litecoin has recovered from recent lows to trade above $150 handle
- WikiLeaks shop now accepts Litecions for payment.
Litecoin is back above $150.00, recovering from Wednesday's low of $140.00, but the bullish momentum lacks traction so far as the price is still capped below 200-SMA (daily interval) at $154.00. Once this threshold is cleared, the upside may be extended towards $160.00 handle and $165.00 where a fresh selling interest is likely to appear.
The coin is driven by technical factors and short-term positioning, paying little attention to the positive fundamental news. Recently we reported that Wirex announced support for LTC, but traders turned deaf ear to the announcement.
WikiLeaks shop banned from Coinbase recently now accepts Litecoins, which is also a good news for LTC supporters that signals wider Litecoin adoption.
"To pay with LTC please choose the CoinPayments NET Gateway at checkout," official Twitter account says.
LTC/USD, the daily chart
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