Verge (XVG) Dominates the Market Together with Ripple as USD Pairs about to be Listed $1 per Ripple (XRP) Might Be Around The Corner Litecoin price gained traction and tested the $150 resistance against the US Dollar. LTC/USD remains in a solid uptrend and it could trade past $150.
Yesterday, we discussed about more gains above $140 in litecoin price against the US dollar. The LTC/USD pair remained in a bullish zone and broke the $140 and $145 resistance level.
It tested the $150 resistance level and formed a new monthly high at $150.64. Later, there was a downside correction and the price traded below the 23.6% Fib retracement level of the last wave from the $133.90 low to $150.64 high.
However, the decline was protected by the $144-145 support zone. More importantly, this highlighted crucial bullish trend line with support at $145 is still in place on the hourly chart of the LTC/USD pair.
The pair tested the 38.2% Fib retracement level of the last wave from the $133.90 low to $150.64 high. The $144-145 support area played well, and as a result, the price resumed its upside. Read more from ethereumworldnews.com…
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