Litecoin (LTC) Consolidates Between $80 and $84, Preparatory for a Possible Breakout

Service for copy trading. Our Algo automatically opens and closes trades.

The L2T Algo provides highly profitable signals with minimal risk.

24/7 cryptocurrency trading. While you sleep, we trade.

10 minute setup with substantial advantages. The manual is provided with the purchase.

79% Success rate. Our outcomes will excite you.

Up to 70 trades per month. There are more than 5 pairs available.

Monthly subscriptions begin at £58.

L2T Algo

TELEGRAM

RESULTS

Key Highlights
The crypto now fluctuates between $80 and $84
A possible retest of the overhead is likely

Litecoin (LTC) Current Statistics
The current price: $81.33
Market Capitalization: $5,384,495,588
Trading Volume: $3,781,505,673
Major supply zones: $70, $80, $90
Major demand zones: $50, $30, $10

Litecoin (LTC) Price Analysis December 15, 2020
Litecoin is trading at $82 as it attempts to retest the $90 overhead resistance. The bulls have failed to break the resistance since November 24. The bears have pushed the price below $86. Since December 13, the coin has been fluctuating to retest the $84 to $86 and $90 overhead resistance. The current price range is close to overhead resistance. This close range will provide the necessary price movement in the event of a breakout.

Litecoin (LTC) Technical Indicators Reading
The altcoin is above the 40% range of the daily stochastic. It indicates that the coin is in a bullish momentum. The 21-day SMA and the 50-day SMA are sloping upward indicating the main trend. The price bars above the SMAs suggest an upward move of the coin.

Conclusion
The bears are strongly defending the $90 overhead resistance. According to the Fibonacci tool, there is the possibility of a further upward move. On December 1, a retraced candle body tested the 78.6%Fibonacci retracement level. The retracement indicates that the crypto will reach level 1.272 Fibonacci extensions or the high of $100.57. Litecoin is likely to reverse thereafter.


Note: Learn2.Trade is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results