Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Litecoin Forum => Other Popular Cryptos / Coins => Litecoin News & Updates => Topic started by: MRM on August 05, 2020, 12:59:20 PM
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Today, buyers attempted to retest the $60 high but were repelled. Before now, the price has been retesting the resistance soon after LTC fell in value on August 2.
Since August 2, the market has been consolidating above $56 but below $60 high. There are chances of having a fresh uptrend as price is above the EMAs.
Litecoin will rise and retest the $65 high, once buyers push above the $60 resistance. The uptrend will continue if the resistance is breached. In that case, LTC will rise and reach a high of $80. Today, Litecoin is rising after falling to the current support at $56. The coin risks falling to $52 low if sellers push prices below the current support.
Source: https://coinidol.com/litecoin-sharp-fall/