Litecoin (LTC) Price Analysis: Bulls Eye Crucial Upside Break
Litecoin price started a fresh increase after testing the $110 zone against the US Dollar. LTC price is back above $140, but it is still below the 55 simple moving average (4-hours). There was a break above a major contracting triangle with resistance near $140 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase). The pair is likely to continue higher once it clears the $150 resistance zone in the near term. Litecoin price is showing positive signs above $140 and $142 against the US Dollar, similar to bitcoin. LTC price must stay above $140 to clear $150 and $155. Litecoin Price Analysis This week, there were additional losses in bitcoin, Ethereum, ripple, and litecoin before a decent recovery against the US Dollar. Earlier, LTC price broke the $140 and $125 support levels. There was also a break below the $120 level and the price settled below the 55 simple moving average (4-hours). It traded as low as $111 before the bulls took a stand. The price started a fresh in...