Litecoin [LTC]: Litecoin’s fundamental looks strong, can expect a $37 breakout
If technical indicators are to be believed, then it can be seen that Litecoin has some strong fundamental currently. Litecoin’s day charts show an upward trend, and could potentially break $37. Breaking $35 will give Litecoin a small boost.
Litecoin touched $34.50 before beginning a small downside correction. If you look at the above chart, this has been the pattern with Litecoin for the past 4 days. beginning from February 1, 2019.
Litecoin would increase between 2-4% and after reaching a peak point, would see a small downward correction of roughly (1-2%) and then begin the upward trajectory once again. This pattern of rising and small fall is a bullish pattern and if the pattern continues, Litecoin can touch $37.
Litecoin’s price is currently in the positive zone, and day traders should see some short term profits. Litecoin has begun the downside correction. According to Coinmarketcap, Litecoin is currently trading at $33.61, a 1.4% decrease since 24 hours.
Did you like the news you just read? Please leave a feedback to help us serve you better
Disclaimer: Blockmanity is a news portal and does not provide any financial advice. Blockmanity's role is to inform the cryptocurrency and blockchain community about what's going on in this space. Please do your own due diligence before making any investment. Blockmanity won't be responsible for any loss of funds.