CandleFocus Litecoin (LTC) Jumps 10%: Can the Bulls Fuel a Bigger Rally?
2024-10-16
Author: Content Editor
Litecoin's price is experiencing a steady increase and has risen above the $70.00 mark against the US Dollar. If it can break through the resistance at $72.80, the price could continue to rise further. Currently, Litecoin is trading above $70 and the 100 simple moving average, and there is a key bullish trend line forming with support at $68.00. On the upside, the next major resistance levels are at $72.00 and $72.80, while on the downside, initial support is at $71.00 followed by $67.50. Technical indicators suggest a bullish trend for Litecoin, with the MACD gaining momentum in the bullish zone and the RSI above the 60 level.
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