Litecoin Price Technical Analysis for 22/2/2015 - New Uptrend

Litecoin Price Technical Analysis for 22/2/2015 - New Uptrend

Litecoin price increased a bit during yesterday's trading sessions to record a high of $1.86 and a low of $1.83. It seems that the price will continue to rise; especially that bitcoin price is rising as well. By studying the 1 hour Bitfinex (LTC/USD) charts from tradingview.com and plotting the 20 hour EMA accordingly (look at the below chat), we can conclude the following: We can now spot a new uptrend line that has started on the 18th of February as shown by the two green trend lines on the below chart. Litecoin price is pushing upwards slowly and the support level has also been rising....


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