Litecoin’s price has been recovering to higher levels over the past two sessions. The upward momentum appears to have strengthened as trading activity progresses. Consequently, Litecoin is ranked second on today’s list of top crypto gainers.
LTC Statistics
Current Price of Litecoin: $122.72
LTC Market Capitalization: $9.19B
LTC Circulating Supply: 75.45M LTC
Litecoin Total Supply: 84M LTC
Litecoin CoinMarketCap Rank: 19
Key Price Levels:
Resistance: $125.00, $130.00, $135.00
Support: $120.00, $115.00, $110.00
LTC Charges Through the $120 Price Level
On the daily chart, Litecoin’s price action has been retracing higher ground, breaking through the psychological $120 price level. Although price action has not yet established strong support above this level, the token is currently trading above it.
Additionally, the price remains above all the Guppy Multiple Moving Average (GMMA) lines, indicating that the upward momentum is intact despite minor contractions in the latest price candle. Furthermore, the Stochastic Relative Strength Index (RSI) lines have delivered an upward crossover at the 40 level, signaling a strengthening bullish sentiment.
Litecoin Stays Positive Despite Facing Rejection at $125
The 4-hour LTC chart provides more clarity on the market’s movement. In the previous session, Litecoin tested the $125 resistance level but has experienced a slight downward pullback in the ongoing session.
Nevertheless, the price action remains above all the GMMA lines, suggesting strong support for the uptrend. The Stochastic RSI lines also maintain an upward crossover just above the 80 level, further confirming bullish momentum. These technical indications suggest the market may soon breach the $125 resistance level and target the $130 price point.
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