Ethereum Price Analysis: Ready for a Break Higher on Golem Launch Litecoin price is trading above the $115 level against the US Dollar. LTC/USD may perhaps gain upside momentum if succeeds in clearing the $120.00 resistance.
There was a decent upside move in litecoin price from the $111.62 low against the US dollar. The LTC/USD pair moved higher and it was successful in breaking the $115.00 resistance.
TenX recently added litecoin cryptocurrency to their wallets and the company may also launch a Litecoin debit card. It sparked buying interest and LTC moved past the $118.00 level.
During the upside, there was a break above the 50% Fib retracement level of the last decline from the $122.85 high to $111.62 low. However, the upside move was capped by the $120.00 resistance zone.
A high was formed at $119.79 from where the price corrected lower. It declined below the 23.6% Fib retracement level of the last wave from the $111.62 low to $119.79 high. Read more from ethereumworldnews.com…
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