- Litecoin is one of the few cryptos on June 26 to see positive gains.
- LTC/USD is up 2%, but as been rejected from the daily 12-EMA.
Litecoin is outperforming the market bouncing from a low of $41.32 to $43.54. The next clear resistance level is established at $43.53, the daily 12-EMA. Bulls seem to have picked up the pace and are trying to change the daily downtrend.
LTC/USD daily chart
Litecoin is currently in a daily downtrend trading below the 12-EMA and the 26-EMA. Both EMAs have crossed bearishly on June 14 when the daily uptrend was basically lost.
LTC/USD 4-hour chart
Litecoin has established a 4-hour uptrend after climbing above the 12-EMA at $42.60 and the 26-EMA at $42.93. Bulls are now holding the 26-EMA as support and are looking for the next leg up with a lot of support nearby.
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.