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    HomeMarketLitecoin targets the $70 resistance level again after adding 7% to its...

    Litecoin targets the $70 resistance level again after adding 7% to its value


    Litecoin is outperforming the opposite main cryptocurrencies up to now at present and is up by greater than 7% within the final 24 hours.

    LTC, the native coin of the Litecoin blockchain, is up by greater than 7% within the final 24 hours. The coin is at present the perfect performer amongst the highest 100 cryptocurrencies by market cap. At press time, the price of Litecoin stands at $62.15. 

    There is no such thing as a catalyst behind LTC’s ongoing optimistic efficiency. The rally comes because the broader crypto market embarks on its restoration after underperforming within the final two days.

    The full cryptocurrency market cap stands above $835 billion, up by lower than 1% within the final 24 hours. This latest cryptocurrency news comes as Bitcoin makes an attempt to maneuver previous the $17k resistance degree after rising by roughly 2% at present. Ether at present stands at $1,218, up by greater than 1% within the earlier 24 hours.

    Key ranges to observe

    The LTC/USD 4-hour chart is bullish, as Litecoin has been performing properly over the past 24 hours. The technical indicators present that LTC is outperforming the broader cryptocurrency market.

    The MACD line crossed into the optimistic zone a number of hours in the past, indicating that the bulls have regained management of the Litecoin market.

    The 14-day relative power index stands at 61. If the optimistic efficiency continues, LTC may enter the overbought area over the following few hours or days.

    If the bullish momentum continues, LTC may transfer previous the primary main resistance degree at $69.04 earlier than the tip of the day.

    Within the occasion of an prolonged bullish efficiency, Litecoin may surpass the $75 resistance degree for the primary time this month. Nonetheless, it might want the help of the broader crypto market to achieve that degree.

    The market just isn’t fully bullish, which implies the bears may nonetheless regain management. If that occurs, LTC may slip beneath the $57 help degree over the weekend. 

    The place to purchase Litecoin now


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    Bitstamp is a totally regulated firm which affords customers an intuitive interface, a excessive diploma of safety to your digital belongings, glorious buyer help and a number of withdrawal strategies.

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