- Litecoin defends s $50 support but movement north fails to break above $60 resistance zone.
- Litecoin stays between the 50 SMA on the one-hour chart resistance and the 100 SMA support.
Spot rate: $57.047
Relative change: +0.4055
Resistance: $60 and $80
Support: $55 and $50
LTC/USD daily chart
-637066429692637974.png)
Litecoin is bullish according to the upward trend Relative Strength Index (RSI).
LTC/USD must break above the resistance at $60 for an upward correction to the supply zone at $80.
LTC/USD 240’ chart
-637066430144680112.png)
Litecoin stays above the 100 Simple Moving Average (SMA) support giving way for a bullish trend towards $60.
$55 is coming count as key support likely to give way for higher movement in the near-term. Besides the RSI is holding ground above 50.
LTC/USD 60’chart
-637066430726102208.png)
Litecoin immediate upside hindered by the descending trendline resistance.
A break above the short-term trendline is likely to give LTC a boost towards $60.
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