THELOGICALINDIAN - Litecoin Price Key Highlights
Litecoin amount is on a steady uptrend these canicule and could be in for a abundant stronger bounce, as it is testing the ascent approach support.
Litecoin amount has been basic college lows while abstruse indicators drew lower lows, creating bullish alteration for both RSI and stochastic. The 100 SMA is aloft the 200 SMA, acknowledging that the uptrend is acceptable to backpack on. In addition, the affective averages are binding added apart, which suggests that the bullish burden is architecture up.
Litecoin amount is additionally award abutment at the 200 SMA, which has captivated as a activating articulation point in the past. A breach beneath this area, however, could appearance that a changeabout is in adjustment and that bears are demography control.
Support about 3.120 appears to be captivation appealing able-bodied for now, with a candle abutting beneath 3.100 acceptable suggesting that a selloff is in order. Meanwhile, a animation aloft the contempo spikes at 3.165 could advance a acknowledgment in affairs momentum.
Intraday abutment level – 3.100
Intraday attrition level – 3.165
Charts from TradingView
