LITECOIN (LTC) - Reached Major Resistance

Good morning traders,

Looking at the Litecoin 4-hour chart, we can observe a few noticeable trends. The price has tried to break out multiple times, indicating a strong resistance around the $70.13 mark.

Currently, LTC is showing signs of strength, making another attempt at this breakout. If the bulls manage to push past and hold above this resistance, we could be looking at a positive upward move. On the flip side, if the resistance proves too strong and holds, especially after today's closing candle, we may see a movement back towards the lower support zone.

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Yours Sincerely,

Swallow Team


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Comment:

LTC is still under resistance, and we just had one more re-test in the same resistance zone.