- Litecoin price is trading in positive territory by 3.35 % in the session on Wednesday.
- LTC/USD can see another strong wave of buyers once April highs are broken.
- The next major barrier to the upside should be noted at $47.50, $50 and then $62.
LTC/USD daily chart
Daily price action is edging out of a bullish flag structure, inviting further bull pressure.
LTC/USD 60-minute chart
A big bullish pennant breach to the upside allowed for further buying participation, inviting a strong wave of buyers.
Spot rate: 46.95
Relative change: +2.60%
High: 47.92
Low: 45.70
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.
Latest Crypto News & Analysis
Editors’ Picks
Biden's win of the US presidential election could have different effects on Bitcoin and DeFi
The presidential elections in the United States are just around the corner. While it is still hard to tell for sure who will secure the place in an Oval Cabinet, the most recent poll results show that Joe Biden, the Democratic presidential nominee, is leading the race.
XTZ aiming for a 10% price jump if key support is defended
The past week for Tezos hasn’t been great, the digital asset lost around $300 million in market capitalization as Bitcoin continues gaining dominance over the market.
TRX ready for a major price explosion according to indicators
Tron has been trading inside a tight range from $0.028 to $0.0239 for the past three weeks without a clear direction. Several indicators show that TRX is on the verge of a massive breakout, but in which direction?
Bitcoin leads the pack aiming for new yearly highs
The cryptocurrency market is slugging in recovery, accept for Bitcoin. Intense pressure continues to build on critical levels for major cryptocurrencies.
Bitcoin: BTC ready to escape from the range; bulls have $12,000 in mind
Bitcoin has been gaining ground amid positive fundamental developments. The flagship cryptocurrency is ready to break free from its current range and proceed with the recovery towards $12,000.