THELOGICALINDIAN - Litecoin Price Key Highlights
Litecoin amount is attempting to move college afterwards commutual a concise correction, but adverse attrition about a trend line.
The Litecoin amount afresh traded college to move appear $3.25 area it begin sellers for a move lower. There was a accessory correction, which adjourned abreast the 61.8% Fib retracement akin of the aftermost move from the $2.60 low to $3.24 high. The amount started to move higher, and currently trading abreast a above bearish trend band on the alternate chart. The amount is looming about the 100 alternate simple affective average, which ability act as a agitator for an upside move in the abreast term.
If the amount break college and clears the trend band and attrition area, again a move appear the aftermost beat aerial of $3.24 ability be possible. However, we charge bethink that $3.0 breadth is a aloft beat area, which ability act as a hurdle for buyers affective ahead. Let us see how the amount trades in the abreast term, as there are abounding signs of a bullish beachcomber highlighting gains. The amount has to achieve aloft the 100 alternate MA for added upsides in the abbreviate term.
On the downside, the Lower Bollinger Band is a abutment area. A breach beneath it ability booty the amount lower may be appear $2.70. Any added losses could calmly booty the amount appear the aftermost beat low of $2.60.
Intraday Support Level – $2.70
Intraday Resistance Level – $3.00
The alternate RSI and MACD are still in the bullish zone, which credibility added assets affective ahead.
Charts address of Trading View
