Litecoin (LTC) Fluctuates Above $51 Support, May Retest $60 Resistance

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Litecoin faces resistance at $60 high
Ny vola madinika dia mety hahatratra $ 65 hafa

Litecoin (LTC) Statistika ankehitriny
Ny vidiny ankehitriny: $ 55.77
Kapitalisma: $ 3,798,737,096 $
Volan'ny varotra: $ 3,598,132,866

Faritra famatsiana lehibe: $ 70, $ 80, $ 90
Faritra fangatahana lehibe: $ 50, 30 $, 10 $

Litecoin (LTC) Fanadihadiana momba ny vidiny 20 Oktobra 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.

Famakiana mari-pahaizana momba ny teknika Litecoin (LTC)
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.

Famaranana
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.



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