Litecoin has in the last few days defiantly stayed above $60. The immediate upside is also acutely limited at $64. On the downside, several support areas have been instrumental including the ascending trendline, the 50 Simple Moving Average (SMA) on the 4-hour chart and the 100 SMA at $58.<\/p>\n
The price action during the Asian trading hours was relatively bullish. LTC\/USD extended the bullish leg from $61.44 (opening price) to $62.42 (intraday high). The digital asset has however, adjusted to $65.22.<\/p>\n
The prevailing momentum is relatively bullish with Litecoin trending towards $64.00. The bullish leg has strong foundation from the support offered at the 50 SMA and the trendline. The Relative Strength Index (RSI) in the same 4-hour range is heading north. This stresses the fact that bulls are gaining traction. Besides, the Moving Average Convergence Divergence shows signs of forcing a bullish cross which could further pull LTC towards $70.<\/p>\n
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Litecoin price analysis: LTC\/USD re-embarks on another mission targeting $70 - FXStreet<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Litecoin has in the last few days defiantly stayed above $60. The immediate upside is also acutely limited at $64. Continue reading