Litecoin price defends $40 support after the bulls lost momentum at $50. A double-bottom pattern nurtures a possible breakout targeting 2019 high around $140. Litecoin price has been pushed back to the drawing board after selling activities at $50 put an end to last week’s rally. The 21 SMA in the weekly range also stood in the way of the gains. Moreover, the 50 SMA at $70.79 is in line to hinder movement to $100. Interestingly the crash on March 12 to $25 formed a double-bottom pattern. This pattern is interpreted as a bullish indicator and marks the end of a downtrend in favor of significant bullish action. In this case, Litecoin price is nurturing a breakout which will market the beginning of a rally to 2019 highs at $140. LTC/USD daily chart Litecoin price intraday levels Spot rate: $41.33 Relative change: 0.0093 Percentage change: 0.06% Trend: Bullish Volatility: Expanding 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 Oil: Resurrected OPEC+ alliance not enough – ANZ FX Street 2 years Litecoin price defends $40 support after the bulls lost momentum at $50. A double-bottom pattern nurtures a possible breakout targeting 2019 high around $140. Litecoin price has been pushed back to the drawing board after selling activities at $50 put an end to last week’s rally. The 21 SMA in the weekly range also stood in the way of the gains. Moreover, the 50 SMA at $70.79 is in line to hinder movement to $100. Interestingly the crash on March 12 to $25 formed a double-bottom pattern. This pattern is interpreted as a bullish indicator and marks the end of… 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.
