LTC/USD nearly doubled its value since the beginning of the year. The coin may enter a short-term correction. Litecoin (LTC), now the fourth largest coin, has grown by 2% in recent 24 hours to trade at $60.57 at the time of writing. LTC/USD has doubled its value since the beginning of the year and became one of the best performing coins out of top-20. If the situation does not change drastically, LTC will have its third green month in a row for the first time since mid-2017. Looking technically, LTC/USD smashed above DMA200, DMA100 and DMA50 and settled well above critical $60.00 handle creating a positive technical picture. However, while the long0term trend trend looks upwards, traders should take caution as the price is ripe for correction with the ultimate goal at the congestion area $50.00 followed by DMA50 currently at $47.89. On the upside, the next resistance comes at $69.00 with SMA50 weekly located on approach and psychological $70.00. Though, considering that daily RSI is starting to reverse from the overbought territory, the upside looks less likely at this stage. LTC/USD, 1D 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 EUR/USD: Yield spreads hit fresh 11-month lows, risk reversals nearly shed EUR bearish bias FX Street 4 years LTC/USD nearly doubled its value since the beginning of the year. The coin may enter a short-term correction. Litecoin (LTC), now the fourth largest coin, has grown by 2% in recent 24 hours to trade at $60.57 at the time of writing. LTC/USD has doubled its value since the beginning of the year and became one of the best performing coins out of top-20. If the situation does not change drastically, LTC will have its third green month in a row for the first time since mid-2017. Looking technically, LTC/USD smashed above DMA200, DMA100 and DMA50 and settled… 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.
