Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Litecoin Forum => Other Popular Cryptos / Coins => Litecoin News & Updates => Topic started by: Galaxy on October 29, 2020, 04:40:33 PM
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Litecoin bulls are sustaining the recent rallies as the price fluctuates below the $60 resistance. In the previous uptrend, buyers failed to push LTC above the $60 resistance.
The upward move should have reached a high of $65 if the price level was broken. Nonetheless, for the past three days, LTC has been fluctuating between $55 and $60 high.
On the upside, if the bulls fail to break the $60 resistance, the bears will break the $51 support. On the downside, a break below the $51 support will signal the resumption of the downtrend. Meanwhile, Litecoin is trading at $57.32 but it is consolidating above $56 support.
Info link: https://coinidol.com/litecoin-holds-gains/