Litecoin price analysis: The only crypto that still needs a breakout, Syria news flow didn't help either
|- LTC needs a strong reason to breakout.
- Multiple resistances to cross past.
Last week saw all the cryptocurrencies rallying past their major resistances and entering a stability zone, barring one - Litecoin. LTC is the only major digital currency that still hasn't broken out of its major resistances and needs some more boost in the prices before it can decisively break out of the shackles of the bears.
LTC/USD is up more than 1 percent at $127.97 and needs a decisive close above $130-140 zone that could give boost to the bulls. Friday late night's news about Trump sending missiles to the Syria to destroy chemical sites, didn't help LTC as much.
On 120-minute chart, LTC now sits in a range of $112-133 and on the daily it faces multiple resistances between $130-140. Support is firmly placed around $122, its 21 days SMA.
LTC/USD 120-minute chart:
LTC/USD daily chart:
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