LTC/USD: Bulls take over as market value increases by nearly 5%

LTC/USD’s market value increased by 5%, based on market speculation.
Technical analysis shows that the LTC/USD market has entered the bullish zone and further growth is expected.

FXStreet Team FXStreet

Bulls have taken over the LTC/USD market, increasing its price by over 5%, based on market speculation. Technical analysis shows that the market has entered the bullish zone and may face further growth in the near future.

LTC/USD daily chart

The LTC/USD daily chart clearly shows how dominant the Bulls have been this Friday. While the market did go down several times in the near past, it looks like the blue upward trending line has acted as strong support. The upward trending line has been present since 15th December 2018. The last bullish candlestick also touches the upper band of the 20-day Bollinger band, indicating an extremely bullish market.

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FXStreet Team

FXStreet

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