The price of Litecoin rests on the key level. Will there be growth?
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The Price movement of Litecoin are not yet talking about the exact change of trend, but on 4-hour chart cryptocurrency is already formed a double bottom. If coin will be able to break the level of $ 70, it is possible to speak about a new wave of growth up to $ 100. The analysis of graphs carried in .
theis it Worth investing in Litecoin
Moving Average (100 SMA) is above the 200 SMA, so the path of least resistance leads to an upward trend. In other words, very soon on the 4-hour chart may be formed of a small rally. However, if the 100 SMA will play the role of a dynamic resistance, Litecoin will roll back to about $ 48.
Now to trade Althingi with caution, because any movement depends on the state of Bitcoin. The main cryptocurrency is still in a flat, which can last up to an important first — the approval or rejection of cryptocurrency ETF with the SEC.
The behavior of the price of Litecoin depends on these events. In case of rejection of the ETF, all altcoins along with Bitcoins will go to draw a new bottom. The nearest support levels Litecoin is located in the region of 33 and 21 of the dollar.
Looks Like the beginning of this week has passed without any obvious negative news for the stock market. The weekend ended on a positive note — the WEF more than 65 real-life applications of the blockchain, a leading American venture capitalist a market capitalisation of up to tens of trillions of dollars.
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