Liteconine price (LTC) maintains consolidation over US $ 135 support. The LTC / USD pair should go above the SMA for $ 142 and 100 hours to gain an upward momentum.
- The Litecon price is trading above the US $ 135 support level
- The LTC / USD's hourly chart of the hourly chart of the LTC / USD is a short-term rising channel with support from 137 dollars
Litecoin is trying to gain momentum
After a big drop, the Liteconine price could hold $ 134-135 against the US dollar. The LTC / USD is trading in this range and now stands at over $ 135 on a slight upside.
Looking at the chart, the price could go above $ 138 and $ 140 resistance levels. In addition, Litecoin has risen above the 23.6% Fib reversal level of the last retiree, dropping from 135 to 135 dollars. However, the upward movement was closed with a resistance of 142 and a simple moving average of 100 hours. In addition, the recent decline from $ 153 to $ 135, the Fib improvement level of 38.2%, acts as a resistance for buyers.