Hello, welcome to this LTC/USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Litecoin (LTC) surged to a nine-month high on Wednesday, as prices rose past a key resistance level.
LTC/USD hit a peak of $97.73 earlier in today’s session, less than 24 hours after trading at a low of $93.05.
As a result of the surge, litecoin rose to its strongest point since May 5, when prices were at a high of $106.86.
Looking at the chart, the move took place following a breakout of a ceiling at $95.50 and came as the relative strength index (RSI) collided with a resistance of its own.
As of writing, the index is tracking at 65.96, which is marginally below a resistance level of 66.00.
Since approaching this point, earlier gains have somewhat declined, with LTC now trading at $95.58.
I have tried to bring the best possible outcome to this chart.
Hit the like button if you like it and share your charts in the comments section.
Thank you
CHART ANALYSIS:-Litecoin (LTC) surged to a nine-month high on Wednesday, as prices rose past a key resistance level.
LTC/USD hit a peak of $97.73 earlier in today’s session, less than 24 hours after trading at a low of $93.05.
As a result of the surge, litecoin rose to its strongest point since May 5, when prices were at a high of $106.86.
Looking at the chart, the move took place following a breakout of a ceiling at $95.50 and came as the relative strength index (RSI) collided with a resistance of its own.
As of writing, the index is tracking at 65.96, which is marginally below a resistance level of 66.00.
Since approaching this point, earlier gains have somewhat declined, with LTC now trading at $95.58.
I have tried to bring the best possible outcome to this chart.
Hit the like button if you like it and share your charts in the comments section.
Thank you
