Over the past two days, LTC has made a major breakthrough, adding just over 21% in 24 hours. In addition, LTC has set a 6-month high. Litecoin broke through the resistance at $236 and turned it into support. The next major resistance can be measured at $370, which is very far from the current price and will definitely require sustained bullish momentum. The trading volume is quite high – $ 4.2 billion, but it is important to remember about the exhaustion of bulls and that the current volatility may lead to a short-term correction. The relative strength index of the RSI crossed 70 points on the daily timeframe, which indicates a strong bullish momentum. On the weekly timeframe, LTC has many opportunities for growth and the establishment of a new historical maximum. The convergence/divergence of the moving averages of the MACD on the daily timeframe is extremely bullish. The price is likely to continue the uptrend until the pullback from high resistance levels. The weekly MACD may remain bullish despite any corrections showing that LTC is still far from the top. I wonder if the bulls will be able to maintain momentum until the rise to $ 370, although now everything points to such opportunities. #CryptoTrading
No comments yet