LTC/USD hit the highest level since the middle of March. The coin is positioned to resume growth after a technical correction. Litecoin (LTC) is one of the best-performing digital assets out of top-10. In the recent 24 hours, the coin has gained over 9% and hit the area above $56.00 on Monday. At the time of writing, LTC/USD is changing hands at $53.43, moving within a short-term bullish trend amid low volatility. Currently, the coin’s total market value is registered at at $3.36 billion, while its average daily trading volume is $3.31 billion. LTC/USD: Technical picture Litecoin’s strong recovery is driven mostly by technical factors and general market sentiments. A sustainable move above 200-day SMA at $49.67 created a strong bullish impulse and pushed the price to the highest level since Markc 13. Once the price regains ground above $56.00, the upside momentum will gain traction with the next focus on 100-week SMA on approach to $60.00. On the downside, the local support is created by 50-week SMA at $52.00. If it is broken, the sell-off may be extended to psychological $50.00 and the above-mentioned 200-day SMA at $49.67. LTC/USD daily 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 2020 US Elections: Strong Swiss franc to lower USD/CHF to the 0.90-0.95 range – UBS FX Street 3 years LTC/USD hit the highest level since the middle of March. The coin is positioned to resume growth after a technical correction. Litecoin (LTC) is one of the best-performing digital assets out of top-10. In the recent 24 hours, the coin has gained over 9% and hit the area above $56.00 on Monday. At the time of writing, LTC/USD is changing hands at $53.43, moving within a short-term bullish trend amid low volatility. Currently, the coin's total market value is registered at at $3.36 billion, while its average daily trading volume is $3.31 billion. LTC/USD: Technical picture Litecoin's strong recovery is driven… 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.
