Litecoin Weekly Analysis - Gains To Follow?

Litecoin Weekly Analysis - Gains To Follow?

Key Highlights. Litecoin ended the week lower, but found support around an important area of 1.43. A crucial bullish trend line on the 4-hours chart is likely to provide support to LTCUSD. There is a monster bullish trend line formed on the 4H chart of Litecoin, which recently acted as a barrier for sellers and pushed back prices higher. LTCUSD breached the 100 simple moving average (SMA) - 4H to trade above an important resistance around 1.47. However, it struggled at a critical pivot area of 1.50 and fell sharply after testing the mentioned resistance area. The downside stalled at the....


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