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.
Key Highlights
Litecoin faces resistance at $60 high
The coin is likely to reach another high of $65
Litecoin (LTC) Current Statistics
The current price: $55.77
Market Capitalization: $3,798,737,096
Trading Volume: $3,598,132,866
Major supply zones: $70, $80, $90
Major demand zones: $50, $30, $10
Litecoin (LTC) Price Analysis October 20, 2020
Litecoin has resumed upside momentum has price breaks above the $51 resistance. The rally reached the high of $60 but the bulls could not sustain the uptrend. In the interim, the coin is fluctuating between $55 and $60.
The next high will be at $65 if the bulls succeed in breaking the resistance at $60.The coin can as well fall if the bears break below the support at $55. In the meantime, there is a bullish signal as bulls recoup to retest the $60 resistance. The market will move up to a high of $65 once the current resistance is breached.
Litecoin (LTC) Technical Indicators Reading
With the recent price surge, the resistance line of the ascending channel has been broken. The previous trend must have given way to the bullish momentum. Presently, the coin is trading in the overbought region of the market but the stochastic bands are sloping downward. This indicates the previous price fall.
Conclusion
After the price retracement, there are bullish signals as the price resumes upward movement. According to the Fibonacci tool, the crypto will rise but will later reverse. The retraced candle body tested the 78.6% Fibonacci retracement level. This retracement indicates that LTC will rise to level 1.272 Fibonacci extensions l. In other words, the coin will reach $64.10 high.
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
- Broker
- Min Deposit
- Score
- Visit Broker
- Award-winning Cryptocurrency trading platform
- $100 minimum deposit,
- FCA & Cysec regulated
- 20% welcome bonus of upto $10,000
- Minimum deposit $100
- Verify your account before the bonus is credited
- Over 100 different financial products
- Invest from as little as $10
- Same-day withdrawal is possible
- Fund Moneta Markets account with a minimum of $250
- Opt in using the form to claim your 50% deposit bonus
