THELOGICALINDIAN - Litecoin Price Key Highlights
Litecoin amount apparent a able bullish run, as it fabricated a acceptable breach aloft a tight abiding alliance pattern.
Although the affairs burden was appealing strong, litecoin amount seems to accept absent some drive aloft hitting attrition at the 4.00 level, as this curve up with a antecedent breadth of interest.
The 100 SMA has yet to adhesive its advancement crossover aloft the 200 SMA to affirm that the assemblage has legs. Meanwhile, academic and RSI are both advertence overbought conditions, which agency that profit-taking ability happen.
In that case, amount could retreat until the adjacent abutment at 3.50 afore regaining ground. A beyond pullback could aftermost until the burst triangle attrition at 3.25 while a breach beneath this breadth could arresting that the declivity is still intact.
Further assets accomplished the accepted highs could activation a move to the abutting attrition at 4.50 or assimilate 5.00. Keep in apperception that a few top-tier letters are due from the US abridgement in today’s New York trading session, potentially dispatch airy moves for the currency.
Intraday abutment akin – 3.50
Intraday attrition akin – 4.50
Charts from TradingView
