Charted: Litecoin Is Outperforming Major Altcoins, Why Dips Remain Attractive

Litecoin price is up over 10% and it broke the $80.00 resistance against the US Dollar. LTC is consolidating gains and dips are likely to be limited below $78.00 and $76.50. Litecoin started a strong increase above the $75.00 and $80.00 levels against the US Dollar. The price traded to a new monthly high near […]

Charted: Litecoin Is Outperforming Major Altcoins, Why Dips Remain Attractive

Litecoin cost is up over 10% and it broke the $80.00 opposition against the US Dollar. LTC is combining additions and plunges are probably going to be restricted underneath $78.00 and $76.50. Litecoin began a solid increment over the $75.00 and $80.00 levels against the US Dollar. The value exchanged to another month to month high approach $84.12 and settled over the 100 straightforward moving normal (4-hours). There was a break over a contracting triangle with opposition close $75.10 on the 4-hours diagram of the LTC/USD pair (information feed from Kraken). The cost could address temporarily, yet the bulls are probably going to stay dynamic close $78.00 and $76.50. Litecoin Price Rallies Another 10% In the previous few days, there was a solid expansion in bitcoin, Ethereum, swell and litecoin against the US Dollar. LTC cost beat as of late with a significant convention over the $75.00 opposition level. The bulls picked up quality, bringing about a break over the $80.00 obstruction level. The cost moved over 10% and it even cleared the $82.00 obstruction. There was additionally a break over a contracting triangle with opposition close $75.10 on the 4-hours outline of the LTC/USD pair. Litecoin value exchanged to another month to month high approach $84.12 and settled over the 100 straightforward moving normal (4-hours). It is presently combining increases over the $80.00 level. An underlying help is close the $80.40 level. It is near the 23.6% Fib retracement level of the ongoing increment from the $Q68.35 swing low to $84.12 high.