LTC: Resistance Breakout
Litecoin (LTC) technical analysis:
Trade setup: Price broke back above $80 support and above 200-day moving average ($85), which could signal Uptrend resumption with $105 as potential upside.
Trend: Uptrend on Short-Term basis and Downtrend on Medium- and Long-Term basis.
Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55).
Support and Resistance: Nearest Support Zone is $80, then $65. The nearest Resistance Zone is $90, then $105.
Trade setup: Price broke back above $80 support and above 200-day moving average ($85), which could signal Uptrend resumption with $105 as potential upside.
Trend: Uptrend on Short-Term basis and Downtrend on Medium- and Long-Term basis.
Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55).
Support and Resistance: Nearest Support Zone is $80, then $65. The nearest Resistance Zone is $90, then $105.
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