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Litecoin coacervabit ad altitudinem $ 90
The crypto may be range-bound between $80 and $90
Litecoin (Garamond) Current statistics
In current price: $ 89.20
Forum Capitalisation: 5,900,735,267 $
Latin Edition Trading: 7,953,660,011 $
Major copia zonae: $ 70: $ 80, 90 $
Demanda major plaga: $ 50, 30 $, $ 10
Litecoin (Garamond) Price Analysis November XXIV, MMXX
Litecoin has continued its rallies as the coin reached a high of $89.86. LTC price has been making a series of higher highs and higher lows. The upward move has been facing resistance at $90. On the upside, if buyers can push LTC above $90, the coin will rally above $100 high. However, if buyers fail to resume the upside momentum, LTC will be compelled to a sideways move for a few days. If the uptrend is resisted the coin will be range bound between $80 and $90.
Litecoin (Garamond) Technical lectio Indicatores
LTC price broke the resistance line of the ascending channel. This indicates a further upward movement of the coin. The crypto is at level 74 of the Relative Strength Index period 14. It indicates that the coin is in the overbought region of the market.
Conclusio
Litecoin has made an impressive bullish run on the upside. Nevertheless, the retraced candle body on October 31 tested the 61.8% Fibonacci retracement level. It indicates that the coin will rise to a level of 1.618 Fibonacci extension level. This extension is equivalent to $70 high. Meanwhile, the price action is above the projected price level.
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