Litecoin New Upside Momentum!
March 29, 2021 9:23 amVideo
Latest News
- Trading Signals for GOLD (XAU/USD) for April 19-22, 2024: sell below $2,395 (+2/8 Murray – overbought) April 19, 2024
- USD/JPY: Simple Trading tips for novice traders on April 19th (US session) April 19, 2024
- GBP/USD: Simple trading tips for novice traders on April 19th (US session) April 19, 2024
- EUR/USD: Simple trading tips for novice traders on April 19th (US session) April 19, 2024
- GBP/USD: trading plan for the US session on April 19th (analysis of morning deals). The pound is trying to regain its advantage April 19, 2024
- EUR/USD: trading plan for the US session on April 19th (analysis of morning deals). The euro compensated for the losses April 19, 2024
- Storm in a teacup: EUR/USD analysis April 19, 2024
- Video market update for April 19, 2024 April 19, 2024
- Eurozone PMIs eyed as euro’s focus turns to rate cuts beyond June – Preview April 19, 2024
- Technical Analysis – NZDUSD falls to fresh 5-month low April 19, 2024
- EUR/USD. April 19th. Bostic, Fed: the rate cut will happen at the end of the year April 19, 2024
- Forecast for GBP/USD pair on April 19, 2024 April 19, 2024
- Weekly Forex Outlook: 14/04/2024 – US GDP and BoJ decision on top of next week’s agenda April 19, 2024
- Market Comment – Safe havens jump as Israel retaliates against Iran April 19, 2024
- Technical Analysis – USDCAD puts rally on hold near 1.3800 caution zone April 19, 2024
- USD/JPY: trading tips for beginners for European session on April 19 April 19, 2024
- GBP/USD: trading tips for beginners for European session on April 19 April 19, 2024
- EUR/USD: trading tips for beginners for European session on April 19 April 19, 2024
- Supercharged US dollar turns to GDP growth data – Preview April 19, 2024
- Technical Analysis – USDCHF remains in bullish structure April 19, 2024
Litecoin (LTC/USD) rallies after failing to stabilize under an uptrend line signaling that it could approach the former highs. It’s traded at 193.32 level and it should reach 200.00 psychological level soon.
Technically, the bias is bullish, so the crypto may resume its upwards movement. The current rally could confirm an important growth ahead. LTC/USD should increase in the short-term if Bitcoin resumes its upwards movement.
LTC/USD Edges Higher!
LTC/USD registered only a false breakdown through the uptrend line. Today’s rally far above the Pivot Point (183.83) is seen as a bullish signal. The price has tested the uptrend line and now is targeting the R1 (199.64) and the 200.00 psychological level.
Closing above 197.00 former high indicates a further growth and a potential bullish fly above $200.00. Personally, I believe that only another drop under the uptrend line could invalidate the bullish scenario and could bring a short opportunity.
Litecoin Forecast!
Buy if LTC/USD closes above 200.00 psychological level and use the R2 (215) as the first upside target.
The material has been provided by InstaForex Company – www.instaforex.com
Related Posts: