Litecoin (LTC) price shows an extremely bullish trajectory as it aims to breach the $64.02 mark.
- Litecoin immensely bullish as it targets to breach the $64.02 mark.
- Support spotted at the $60.87 level.
- Price facing hurdles at the $64.32 zone.
On the other hand, LTC is facing hurdles at $64.32 as the bulls’ strong upheaval waned a bit. LTC’s price was at $60.87 early today and has even managed to reach a high of $64.32 with the bulls trying to nudge the prices higher.
LTC price has seen a tremendous boost of more than 3.47% as seen overnight and currently trades along the $64 range. Trading volume has also spiked to as much as $404 million in a 24-hour timeframe.
According to CoinMarketCap, LTC is up by 0.49% and currently trading at $64.38 as of this writing.
Litecoin New Target: $70
On a 4-hour timeframe, LTC price is looking very bullish and registering higher highs and higher lows. More so, LTC was able to break past the channel that it was stuck within the past week. Such breach hints at an optimistic market response and development intensifying the dominance of the bulls.
The LTC/USD pair currently trades above the 50 SMA and also the 200 SMA, indicating that the bulls are now on top of the market.
RSI for Litecoin is spotted at 63.83, implying that the market is sliced in between the overbought and oversold territory. More so, LTC’s MACD is extremely bullish indicating that the bulls are in control of the market as of press time.
LTC price shows that the bullish fervor is still strong in the market and can uptick in the coming days. LTC was able to breeze past the $64.02 and now the $64.32 mark which opens up the next target level set at $70.
On the other hand, the support zone is now spotted at $60.87, and if the bears can push the price below this zone, then that could potentially favor a massive sell-off.
LTC To Enjoy Continuous Steady Pace
LTC price analysis shows that the coin is enjoying an upward and bullish momentum with so much wiggle room for positive market sentiment and activities. More so, the 24-hour chart also shows that the market is also generating more gains.
Now, investors should keep an eye on buying when there are tiny dips in the market because the LTC price is set to go higher in the coming days.
TRON total market cap at $4.35 billion on the daily chart | Source: TradingView.com Featured image from AMBCrypto, Chart from TradingView.com
Source: https://www.newsbtc.com/news/litecoin/litecoin-breezes-past-64-level/