Litecoin is in uptrend
A good opportunity arising for both short-term and long-term investors
Litecoin is currently moving around its 50 EMA (the blue colored line) and the trend as for now in the coin is an uptrend. At present Litecoin is at its resistance level ready to give a basic price action breakout.
Litecoin on daily chart
Source: TradingView
Source: TradingView
The horizontal line drawn on daily charts depicts that price has resisted multiple times there, so there is a high probability that if the price breaks the horizontal line this time, it can show a strong bullish move and the price can rise upto $107.86 which is its near resistance.
MACD – On the MACD, a bullish crossover has taken place. A bullish crossover occurs when the blue line of the MACD crosses the orange signal line in an upward direction. The MACD’s bullish crossover indicates that Litecoin’s daily chart has gained bullish momentum.
Relative Strength Index (RSI) – The RSI curve has crossed the 50-poi
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