Litecoin bulls back in the driver seat after couple of days walloping in selling activities. Litecoin immediate upside is capped at $70 while the 200 SMA provides immediate support at $69.11. Litecoin is trading in the green after managing to come out of the ‘crypt’ it had fallen into in the last couple of days. The Asian session was also characterized by selling pressure. However, the European session is seeing the bulls swing in action across the board. After opening the session on Wednesday at $67.90, LTC/USD has adjusted upwards by 1.91% to trade at $69.24. All eyes are set on breaking the resistance at $70 as well as $72. Looking at the technical indicators in the hourly range, Litecoin is indeed prime for more action northwards. The RSI, for instance, is almost breaching its way into the overbought region. The MACD is also on the verge of crossing into the positive territory. A bullish divergence cements the bulls’ position and influence on the direction the price will take in the coming sessions. If Litecoin fails to rise above $70, a lower correction would be the most probable action. Support is expected at the 200 SMA in the 1-hour range. Further losses will seek refuge at $67.50 while the 50 SMA is holding ground at $66.21. LTC/USD 1-hour chart FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Crypto News share Read Next ECB’s de Cos: 2% inflation target would bring clarity FX Street 2 years Litecoin bulls back in the driver seat after couple of days walloping in selling activities. Litecoin immediate upside is capped at $70 while the 200 SMA provides immediate support at $69.11. Litecoin is trading in the green after managing to come out of the ‘crypt’ it had fallen into in the last couple of days. The Asian session was also characterized by selling pressure. However, the European session is seeing the bulls swing in action across the board. After opening the session on Wednesday at $67.90, LTC/USD has adjusted upwards by 1.91% to trade at $69.24. All eyes are set… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
