fxstreet.com 05 Feb, 2021 15:30 am

LTC resumes uptrend to $200 after small hiccup

LTC resumes uptrend to $200 after small hiccup
Litecoin had a major breakout from a descending triangle pattern on the 4-hour chart with a price target of $185. After a small drop towards the previ

Litecoin price had a significant breakout from a descending triangle pattern.After a small drop towards the previous resistance trendline, LTC bulls quickly bought the dip and have pushed Litecoin price up to $154.Litecoin price faces no significant barriers on the way up The initial breakout took Litecoin price up to $158.LTC/USD 15-minute chart Another rejection from $156 would quickly push Litecoin price down to $153.

LTC Holders Distribution chart However, on the 15-minute chart, Litecoin has established a crucial support level at $153 in the short-term and it’s having a lot of trouble climbing above $156.The digital asset re-tested the previous resistance level and has resumed its uptrend towards $200.

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