On Saturday, Litecoin (LTC) approached a high point not seen in several weeks

48 sec read

Crypto Updates


Litecoin on a black background royalty free stock photoLitecoin on a black background

Despite the global cryptocurrency market cap dropping by 0.51%, Litecoin showed an increase at the beginning of the weekend.

LTC/USD – Daily Chart

Over the weekend, Litecoin (LTC) maintained its upward momentum and traded close to a multi-week high. On Saturday, the LTC/USD pair peaked at $93.97, bouncing back from a low of $89.87 in less than 24 hours. As a result, Litecoin is currently trading near the $94.00 level, which is close to its recent three-week high of $96.11.

One of the factors driving the rally was the recent crossover between the 10-day and 25-day moving averages on the daily chart. Additionally, the RSI has climbed to 57.07, which is slightly above the resistance level of 56.00. If bullish momentum persists, there is a high likelihood that Litecoin could surpass the $100.00 mark.

Via this Site

Disclaimer: The information provided on this page does not constitute investment advice, financial advice, trading advice, or any other sort of advice and it should not be treated as such. This content is the opinion of a third party and this site does not recommend that any specific cryptocurrency should be bought, sold, or held, or that any crypto investment should be made. The Crypto market is high-risk, with high-risk and unproven projects. Readers should do their own research and consult a professional financial advisor before making any investment decisions.