Litecoin has gotten a lift from the crypto rally, testing $120 at the time of this writing. This is a significant step for LTC which has been in the doldrums for some time. We were seeing prohibitive resistance from $114 for what felt like an eternity (in crypto time), but were finally able to break through on the 19th. Prices stabilized around $114, and it was a toss up as to whether we could sustain these levels. However another burst of momentum came through and we were able to hit $120 with ease. From here, Litecoin will have to maintain current levels before we can consider higher levels with $124 being the next target. If we retrace from here, then $114 should hold, otherwise $109 is tne next level of support below.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.