Welcome to this quick LTC/USDT analysis.
I have tried my best to bring the best possible outcome in this chart.
Reason for Analysis:-Litecoin (LTC) also rose in today’s session, with the token rebounding from its losses to start the week.
Following a drop to $73.52, which was the lowest level LTC/USD had hit since November 29, the token raced to a high of $79.52 earlier today.
This surge in price sent litecoin to its strongest point since December 7, which is the last time price was above $80.00.
Looking at the chart, today’s bullish momentum comes as the RSI bounced from a floor of 55.50, and it is now nearing a ceiling of 61.50.
This move has also sent the 10-day (red) moving average higher, a day after it appeared to be certainly heading for a downward trend.
What happens on Wednesday with the U.S. Federal Reserve will now dictate how cryptocurrency prices will move during the run-up to the Christmas period.
Remember:-This is not a piece of financial advice. All investment made by me is at my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade.
Hit the like button if you like it and share your charts in the comments section.
Thank you...
I have tried my best to bring the best possible outcome in this chart.
Reason for Analysis:-Litecoin (LTC) also rose in today’s session, with the token rebounding from its losses to start the week.
Following a drop to $73.52, which was the lowest level LTC/USD had hit since November 29, the token raced to a high of $79.52 earlier today.
This surge in price sent litecoin to its strongest point since December 7, which is the last time price was above $80.00.
Looking at the chart, today’s bullish momentum comes as the RSI bounced from a floor of 55.50, and it is now nearing a ceiling of 61.50.
This move has also sent the 10-day (red) moving average higher, a day after it appeared to be certainly heading for a downward trend.
What happens on Wednesday with the U.S. Federal Reserve will now dictate how cryptocurrency prices will move during the run-up to the Christmas period.
Remember:-This is not a piece of financial advice. All investment made by me is at my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade.
Hit the like button if you like it and share your charts in the comments section.
Thank you...
