Litecoin extends the bullish leg towards $42.00 resistance but a descending trendline stands in the way. LTC/USD bullish action is supported by both the RSI and the MACD. Litecoin is slightly in the green even though the majority of cryptocurrencies in the market are in consolidation. Bitcoin is holding the ground above $9,100, Ethereum is flirting with $225 while Ripple is trading below $0.18. LTC/USD is exchanging hands at $41.00 while battling the resistance at the descending trendline. The bulls have their eyes on $42.00 seller congestion (also previous support). On the downside, LTC/USD is embracing support at the 50 SMA. Other key support areas include at $41.00, the range between $40 and $40.50. For now, breaking the above the trendline resistance is a priority among the bulls. Technically, Litecoin is in the hands of the bulls as supported by the upward-pointing RSI. A movement towards the overbought region would boost the bulls’ confidence in the recovery. Moreover, signals from the MACD display a stronger bullish picture. Besides, the MACD has just crossed into the positive region and is featuring a bullish divergence. Read more: Cryptocurrency Market News: Bitcoin popularity surges in the UK 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 USD/CNH: Neutral bias remains unchanged – UOB FX Street 2 years Litecoin extends the bullish leg towards $42.00 resistance but a descending trendline stands in the way. LTC/USD bullish action is supported by both the RSI and the MACD. Litecoin is slightly in the green even though the majority of cryptocurrencies in the market are in consolidation. Bitcoin is holding the ground above $9,100, Ethereum is flirting with $225 while Ripple is trading below $0.18. LTC/USD is exchanging hands at $41.00 while battling the resistance at the descending trendline. The bulls have their eyes on $42.00 seller congestion (also previous support). On the downside, LTC/USD is embracing support at the 50… 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.
