Litecoin (LTC) Value Evaluation: Shopping for Dips Favored


Litecoin value corrected decrease
after buying and selling as excessive as $62.04 in opposition to the US Greenback. LTC stays supported on
dips close to the $57.00 and $55.80 ranges within the close to time period.

Key Speaking Factors

  • Litecoin value prolonged beneficial properties above the $60.00
    degree and traded as excessive as $62.04 (Knowledge feed of Kraken) in opposition to the US Greenback.
  • There's a main contracting triangle in place with
    resistance at $59.60 on the 4-hour chart.
  • LTC value is more likely to discover a sturdy shopping for curiosity
    close to the $57.00 or $55.80 help ranges.

Litecoin Value Evaluation (LTC)

After a good upward transfer, there was a draw back correction in bitcoin, Ethereum, EOS, ripple, litecoin and different altcoins in opposition to the US greenback. The LTC/USD pair traded as excessive as $62.04 and later declined under the $60.00 help degree.

Litecoin Price Analysis Chart

Wanting on the 4-hour chart, LTC value remained in an uptrend this week and traded above the $60.00 barrier. It traded as excessive as $62.04 and settled properly above the 100 easy transferring common (4-hour).

Later, there was a draw back correction under the $60.00
help and the 23.6% Fib retracement degree of the final wave from the $52.00
low to $62.04 excessive. The worth even broke the $58.00 help degree and examined
the important thing $57.00 help degree.

Furthermore, the 50% Fib retracement degree of the final wave
from the $52.00 low to $62.04 excessive acted as a robust help. On the outset,
there's a main contracting triangle in place with resistance at $59.60 on the
4-hour chart.

If there's a break above the triangle resistance and the
$60.00 resistance, there could possibly be extra beneficial properties above the $62.00 degree within the close to
time period. On the draw back, there's a essential help close to the $57.00 degree and the
100 easy transferring common (4-hour).

The subsequent help is close to $55.80 and the 61.8% Fib
retracement degree of the final wave from the $52.00 low to $62.04 excessive. General,
litecoin value stays supported on dips and it may climb increased as soon as once more
so long as LTC consumers proceed to guard $57.00 and $55.80.

The market information is supplied by TradingView.

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    (BTC)
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  • ethereumEthereum
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  • rippleXRP
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  • litecoinLitecoin
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    $ 58.56 2.04%
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