Since SEC was considered the instant LTC Etf Filied and confessed to it, the price of Litecoin was in height. The distinctive symbol shows an enormous strength with a large amount of size at times when the main symbols such as Bitcoin or Etherum face great upward pressure. This indicates that traders are very optimistic about the next price procedure, which can raise the levels of another 20 % in the next few days.
The LTC price has been traded within a narrow range of less than $ 75 for a long time, which turns the trading concentration away from the distinctive symbol. Meanwhile, November has attracted a huge size on the distinctive symbol, which helped a significant rise in fluctuations and price. The LTC price rose above $ 120 and is stuck in a range with bullish and equal pressure. Thus, securing any of these ranges may shed light on the future path of the distinctive symbol.
However, the question remains whether the LTC price exceeds the resistance at $ 130 or faces a refusal to drop to less than $ 120.
The LTC daily chart indicates that the price is stuck in a decisive similar triangle and is heading to the higher resistance test. While RSI has undergone U -shaped recovery, DMI levels raise some concerns. +Di & Di has refrained from undergoing landfill, while ADX has arrived down. This indicates that the gathering strength is very weak, and therefore, rejection can quickly resist.
However, the pricecon price is expected to be trading in the style so that it does not receive a huge flow of purchase. The rapid rise in more than $ 130 may cause a short -term rise, which may attract correction and restore levels to the range. Meanwhile, if the LTC price exceeds $ 130 and provides levels exceeding $ 140, the declining probability may be withdrawn a little but not canceled.
Consequently, traders are expected to be vigilant to the price of Litecoin (LTC) where the commercial setting indicates uniformity while the bulls seem ready to raise the price by more than 20 %.
