Litecoin (LTC) Finally Breaks Out Above Long-Term Resistance

2020-12-18 16:01

Both the LTC/USD and LTC/BTC pairs should continue moving upwards towards the targets given below. Breakout From Long-Term Resistance The weekly chart shows that LTC has finally moved above the $85 resistance area, something it has struggled to do since July 2019. origin »

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ltc resistance above long-term finally moved weekly

Источник: beincrypto.com

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Litecoin (LTC) Drops After Rejection From $185

The short and long-term time-frames suggest that LTC is still correcting, having not yet reached a low. Litecoin Drops After Rejection LTC has been moving downward since Jan. 10, when it reached a high of $185.

LTC Moves Above $150, Reaching Highest Price Since 2018

While it could continue increasing and reach the $185 resistance area, it appears the current rally is top-heavy, and a corrective movement will soon follow. LTC’s Long-Term Movement The weekly chart shows that LTC has finally moved above the June 2019 highs at $145 and has actually reached a weekly close above this level.

LTC Continues Its Ascent Towards $150

It should reach this area and possibly break out. LTC Long-Term Levels The weekly chart shows that LTC has been moving upwards since the beginning of March. It’s approaching the $149 resistance area, which is the 0.

Will Litecoin (LTC) Break Through $100?

In any event, the long-term trend remains bullish and LTC is likely to rally towards the resistance areas outlined below. Weekly Rally The LTC price increased by 34% during the week of Nov 15-22, reaching a high of $88.