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Buyers are not going to give up as most of the coins keep trading in the green zone.
LTC/USD
The rate of Litecoin (LTC) has risen by 2.70% over the last 24 hours.
On the hourly chart, the rate of Litecoin (LTC) has set the local resistance at $98.72. There are low chances of seeing any sharp moves until the end of the day as the altcoin has passed most of its ATR.
Denys SerhiichukIn this case, sideways trading in the range of $96-$98 is the more likely scenario.
On the daily chart, the rate of Litecoin (LTC) has made a false breakout of the resistance level at $98.72. If the bar closure happens far from this mark, there is a chance of seeing a local correction to the nearest support at $95.98. Such a scenario is relevant until the end of the next week.
From the midterm point of view, the rate of Litecoin (LTC) is slowly approaching the resistance at $102.53. Currently, one should pay attention to the bar closure. If it happens near the vital $100 mark, the accumulated energy can be enough for a blast to the $110-$120 zone.
Litecoin is trading at $96.51 at press time.
Arman Shirinyan
Alex Dovbnya
Vladislav Sopov
Dan Burgin
U.Today Editorial Team