LTC/USD managed to stay above $60.00, but further momentum is weak. The positive fundamental news failed to push the coin much higher. Litecoin, the 7th largest digital asset with a market value of $3.5B, regained ground above 60.00 handle after a short-lived spike to $61.46 during early Asian hours. The coin is mostly unchanged both day-on-day and since the beginning of Thursday. The coin’s average daily trading volumes are set at $450M. Litecoin is rangebound amid declining volatility, unchanged on a day-on-day basis. What’s going on Litecoin has enjoyed a steady flow of positive fundamental news recently, including Gemini decision to introduce LTC support as of October 31 and coin’s introduction to CoinText service, which allows users to send virtual money to a mobile phone number. This news allowed LTC to gain nearly 6% in recent seven days. However, it is still down 7% as compared to the previous month. Litecoin’s technical picture As it is clearly visible on a 4-hour chart, LTC/USD is supported by SMA50 (4-hour) at $59.91. The price has been staying above this technical indicator since September 27. Litecoin is moving within the short-term upside channel with the lower border at $59.00 creating a tough hurdle for Litecoin sellers. That’s where fresh buying interest is likely to appear and push the price back inside the channel. On the upside, LTC/USD is capped by Asian high at $61.46, though, once this level is cleared, the recovery may be extended towards the next psychological barrier at $62.00 and to September 30 high at $63.00. LTC/USD, 4-hour chart https://www.forexcrunch.com/wp-content/uploads/2018/10/LTC_USD252028229-636740704190201429.png 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 Gold climbs to 3-day tops amid risk-off mood, resurgent USD demand capping gains FX Street 4 years LTC/USD managed to stay above $60.00, but further momentum is weak. The positive fundamental news failed to push the coin much higher. Litecoin, the 7th largest digital asset with a market value of $3.5B, regained ground above 60.00 handle after a short-lived spike to $61.46 during early Asian hours. The coin is mostly unchanged both day-on-day and since the beginning of Thursday. The coin's average daily trading volumes are set at $450M. Litecoin is rangebound amid declining volatility, unchanged on a day-on-day basis. What's going on Litecoin has enjoyed a steady flow of positive fundamental news recently, including Gemini decision… 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.