Litecoin stabilized around the midpoint of its immediate support and resistance levels, at the time of writing, after a minor correction took place on the charts. The crypto’s price climbed back above the 20-SMA, highlighting the strong uptrend over the past week, one that saw the cryptocurrency surge to a three-year high at $230. The Bollinger Bands registered some volatility in price as the price targetted the upper ceiling once more.
The CMF showed that capital inflows into the LTC market were healthy, despite dipping slightly over the last few sessions. The $207-support line could be crucial moving forward and if the bulls can hold on to this level, LTC could topple its most recent local high.
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