- Litecoin price is trading in the green, with a gain of 1.30% the session on Thursday.
- LTC/USD weekly price action has been narrow for five trading weeks.
- Should the price fails to break $60, it could prove to be punishing.
LTC/USD weekly chart
A major resistance barrier is eyed at $60, the bulls must break and close above this for greater gains.
LTC/USD daily chart
Price action is very much topping around $60-62 range, heavy supply.
Spot rate: 58.75
Relative change: -1.30%
High: 59.80
Low: 57.18
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.
Latest Crypto News & Analysis
Editors’ Picks
BTC/USD weekend action brushes shoulders with $7,600
Cryptocurrencies stagnated within familiar levels over the weekend. Bitcoin action impressively jumped above the resistance levels at $7,400 and $7,500. The upward leg jumped above $7,600 before forming a high at $7,638.
ETH/USD held above $145 as recovery stalls in the $150’s range
Ethereum price action over the weekend was largely lethargic. The recovery is from the recent slump towards $130 has not been able to rise above $160. Ethereum closed he trading on Friday at $149.
Cryptocurrency market update: Bitcoin stabilizes above $7,500, Ethereum and Ripple flex bullish muscles
Cryptocurrencies, led by the top three assets Bitcoin Ethereum and Ripple remained within key levels over the weekend. The drab action seems to have crossed into the new week where the Asian session continues to be characterized by shrinking volatility and little to no upside action.
Tezos towers the weekend session testing $1.70 crucial hurdle
Tezos was arguably the best performing crypto in the weekend session. After closing the session on Friday at $1.38, the bullish action majestically surged over 30% to brush shoulders with $1.61. Both the trading volume and the market cap corrected higher, where XTZ crossed the $1 billion hurdle.
BEST CRYPTO BROKERS/EXCHANGES
Bitcoin Weekly Forecast: It's all about whales again
On the cryptocurrency market, regulators, governments and central bankers and other big names like that are inferior to whales when it comes to generating trends and price movements.