Litecoin Price Prediction: LTC/USD has the opportunity of a fast return to $50
- Litecoin price is trading in positive territory by 5.60% in the session on Thursday.
- LTC/USD has smashed out of a narrowing triangular structure via the 60-minute view.
- Pullbacks in the price and near-term rallies remain vulnerable to being sold.
LTC/USD daily chart
The daily range remains tight, to the high of $38 down to the low of $38.
LTC/USD 60-minute chart
Price action is narrowing within a range-block, the low support down at $32.50, resistance to the upside notable at $35.00.
Spot rate: 33.30
Relative change: +6.60%
High: 37.46
Low: 34.08
Author
Ken Chigbo
Independent Analyst
Ken has over 8 years exposure to the financial markets. He started his career as an analyst, covering a variety of asset classes; forex, fixed income, commodities and equities.
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