Litecoin price surged higher
above the $84.00 and $90.00 resistance levels against the US Dollar. LTC traded
as high as $95.95 and recently corrected lower towards the $84.00 support.
Key Talking Points
- Litecoin price jumped sharply above the $84.00
and $90.00 resistance levels (Data feed of Kraken) against the US Dollar.
- There is a key contracting triangle forming with
support near $84.50 on the 4-hour chart.
- LTC price remains well supported on the downside
near the $84.00 and $80.00 levels.
Litecoin Price Analysis (LTC)
This past week, there was a sharp rally in bitcoin, resulting in gains in most altcoins such as Ethereum, EOS, ripple and litecoin against the US dollar. The LTC/USD pair formed a strong support base above the $72.00 level and rallied above the $80.00 resistance level.
Looking at the 4-hour chart, LTC price gained
traction above the $84.00 and $90.00 resistance levels. There was even a close above
the $84.00 resistance and the 100 simple moving…
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