The rising daily trading volume spells out a recovery that is likely to extend the gains. Slightly bullish momentum is building above $59 range support. LTC/USD closed the trading session last week after recording considerable gains from the weekly low at $52.82. The momentum corrected above the simple moving averages (SMAs) on Friday. This allowed the bulls to increase their grip on the price which later broke past the resistance at $60. LTC buyers had intentions to push the digital asset’s value further up but the bullish momentum fizzled out around $62.00. The retracement from the weekly high slightly above $62.00 explored the levels below $60 but has remained supported at $59.00. The rising daily trading volume spells out a recovery that is likely to extend the gains above the range resistance at $62.00. According to CoinMarketCap, Litecoin’s daily volume stands at $1.6 billion. Slightly bullish momentum is building above $59 range support. However, the upward motion will encounter initial resistance at $60. Similarly, both the 50 SMA and the 100 SMA 1-hour will limit gains at $60.21 and $60.38 respectively. According to the RSI (horizontal at 48.78), LTC/USD could stay sideways within the range for a few days. Besides, the chance for lower correction taking effect is high with the MACD unable to cross into the positive region. 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 Wall Street opens higher boosted by energy stocks FX Street 4 years The rising daily trading volume spells out a recovery that is likely to extend the gains. Slightly bullish momentum is building above $59 range support. LTC/USD closed the trading session last week after recording considerable gains from the weekly low at $52.82. The momentum corrected above the simple moving averages (SMAs) on Friday. This allowed the bulls to increase their grip on the price which later broke past the resistance at $60. LTC buyers had intentions to push the digital asset's value further up but the bullish momentum fizzled out around $62.00. The retracement from the weekly high slightly above… 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.
