- Litecoin is trading within a cores support zone between $30.00 and $34.00.
- Technical levels are still strongly positive as bulls target $40.00 critical level.
The market is masked in red paint following the end of the week declines. Most cryptocurrencies commenced the week making lower corrections, made significant progress to the upside mid-week, only to close the trading while trimming the gains. However, Litecoin is painting a different picture after it defended the support $30.00.
The $1.9 billion cryptocurrency is up a subtle 0.13% on the day and 0.65% in the last 24 hours as indicated by the data on CoinMarketCap. It has a 24-hour exchange trading volume of $659 million and is holding tight in the 7th spot on the market. Litecoin has been able to stay above the support at $30.00 the entire January and even achieve highs around $42.53.
While the asset has deflated significantly from the highs in January 2018, it is still trading with a core support range between $30.00 and $34.00. At moment, it is changing hands at $31.66 while supported by both the 15-minutes 50-day Simple Moving Average (SMA) at $31.309 and the 100-day SMA currently at $31.38.
Technical levels are still strongly positive where the Relative Strength Index (RSI) above the 60 mark. The indicator signal brushed shoulders with the overbought region earlier today. Besides, the Moving Average Convergence Divergence (MACD) is slightly above the mean level in the positive region. For now, Litecoin bulls need to defend the support at $30.00 and push for a correction above $32.00. Eventually, a break above the range resistance at $34.00 will place LTC/USD on an upward trajectory to $40.00.
LTC/USD 15′ chart 
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