Litecoin continues to commerce in tandem with Bitcoin costs, notching up a acquire of 6.00% as of the time of writing. Bitcoin costs have damaged the essential $57,000 resistance, permitting for the same transfer on Litecoin as each pairs preserve their optimistic correlation.
The LTCUSD pair has violated the 186.82 resistance stage however wants a 3% penetration shut above this stage to substantiate the breakout. The Litecoin worth prediction following this breakout is for the value to goal for the 200.60 psychological resistance. Above this stage, there’s a resistance level at 209.13, which is the place the excessive of 18 March is discovered.
This motion happens inside the context of the evolving symmetrical triangle, whose decrease border connects the lows of two February, 22 February, 28 February and 26 March. This decrease border must be taken out for bears to pursue targets at 165.48, with 157.08 and 142.37 lining up as further targets to the south.
LTC/USD Day by day Chart
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