Will Litecoin [LTC] see a dip to $85 before its next push higher?
has pushed higher to the $23.3k mark in recent hours of trading. The king also has a bullish bias, and until this changes, traders can expect altcoins to perform well.Source: LTC/USDT on TradingView
A pullback from the $90 mark met with support at $81.6. A horizontal level of support at $80.65 was also present below and served to signal the strength of bulls in this region. Since this retest, Litecoin has noted gains of close to 8% at the time of writing.Lower timeframe charts such as the 1-hour showed a bearish market structure. This by itself was not sufficient to suggest a pullback to $85. To the north, the next major resistance lies at $93-$94.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Litecoin attempts to steal Bitcoin’s thunder, but a pullback might be in the worksLitecoin may be headed for a cliff as price to RSI divergence manifests. LTC metrics still highlight strong demand, but some whales are taking profits. Litecoin [LTC] was taking advantage of its press time bull run to build a favorable image. Some might say that it was trying to steal some of Bitcoin’s [BTC] shine. […]
Read more »
Litecoin: Bulls could aim for $92, but only if BTC maintains this levelDisclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion. LTC could target a critical overhead resistance. LTC recorded a drop in active addresses, but open interest increased gradually. Litecoin [LTC] has been rallying since late December 2022, with occasional corrections. It gained over […]
Read more »
Litecoin attempts to steal Bitcoin’s thunder, but a pullback might be in the worksLitecoin may be headed for a cliff as price to RSI divergence manifests. LTC metrics still highlight strong demand, but some whales are taking profits. Litecoin [LTC] was taking advantage of its press time bull run to build a favorable image. Some might say that it was trying to steal some of Bitcoin’s [BTC] shine. […]
Read more »
Litecoin: Bulls could aim for $92, but only if BTC maintains this levelDisclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion. LTC could target a critical overhead resistance. LTC recorded a drop in active addresses, but open interest increased gradually. Litecoin [LTC] has been rallying since late December 2022, with occasional corrections. It gained over […]
Read more »