fxstreet.com 10 Feb, 2021 08:00 am

LTC aims for a 15% upswing as bulls hold the upper hand

LTC aims for a 15% upswing as bulls hold the upper hand
Litecoin has been trading in a steady and robust uptrend since the beginning of 2021. It is now facing one crucial resistance level at $175 before its

Litecoin price is contained inside an ascending parallel channel on the 4-hour chart.Litecoin price can quickly jump to $200 On the 4-hour chart, Litecoin is contained inside an ascending parallel channel.LTC/USD 4-hour chart The In/Out of the Money Around Price (IOMAP) chart shows practically no resistance levels ahead.LTC/USD 4-hour chart On the 4-hour chart, the TD Sequential indicator has presented a sell signal which has been accurate in the past.

LTC IOMAP chart A breakout above this point can easily drive Litecoin price towards $200 as the resistance ahead is weak.Litecoin price could fall towards the middle trendline of the parallel channel at $160 and as low as $152 to retest the lower boundary.

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