Will LTC break the resistance levels?

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.

 Litecoin is trying to gain momentum: will LTC break the resistance levels

At this point, the LTC / USD seems to be forming a short-term uptrend with support from the 137-hour chart on the hourly chart of the LTC / USD. For a follow-up on channel resistance, a break is needed on the $ 142 resistor. A successful break from $ 142 and a 100 hour SMA could clear the way to earn more for $ 150 in the near vicinity.

If the price does not go above $ 142 and the price goes down, a $ 137 channel support might come into play. The price, which is under 137 dollars, is facing further risk of damage to 134 dollars and 130 dollars. The general price formation is currently neutral with over $ 135 with consolidation marks

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