Litecoin (LTC) Breaks Key Resistance

in cryptocurrency •  7 years ago 

The Litecoin Prize wins upward momentum over $ 165 against the US dollar. LTC / USD broke a lot of resistance and is currently monitoring additional gains.

Key Talking Points

  • The Litecoin Prize finally made an upward move and broke $ 165 resistance (data supply of Kraken) against the US dollar.
    There was a break over a major bearish trend line with a resistor of $ 159 on the timetable for the LTC / USD pair.

  • The pair is now well positioned above the $ 165 level and it seems to get further momentum. The most important support, however, is almost $ 165. The $ 165 level was a resistance earlier, and now it could act as a support.

Overall, the latest upward pause was positive over the $ 165 level. LTC / USD could correct lower in the short term, but it will likely resume its rising amount of over $ 190.

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Such great news. Litecoin belongs up here and ultimately much higher. My only hope is that it doesn’t rush too high too fast and we see a bunch of quick cash grabbers take money and run. Slow steady gains to the moon will have us all happy. This coin has so much potential. I think we are just starting to scratch the surface.

Good remark. Many traders don't understand why quick price explosions are bad.

The last perfect example was ripple XRP going down from 3.5 to 0.6

Agree

the upward trend continues, this is great , atleast my coins are growing

Tradewonk, I appreciate your interesting mix of posts. I thought you might be interested in my litecoin cash postmortem and how much was priced in:

https://steemit.com/cryptocurrency/@lordprime/litecoin-cash-postmortem-how-much-was-priced-in

I had bought the LTC bro
But sold it to buy xlm
I should have kept it
Thanks for the info

we all are enjoying the climb


Our alt coins are improving ... by late spring we will be fine..

thats something really new foe i was completely unbaware by ltc by your i get some knmowlegde abot ltc thanks for sharing with steemit family!

I have more Ethereum than Lightcoin but I think it's sensible to have some of both. Ethereum could be a threat to Bitcoin and Litecoin can use all that's good with Bitcoin and be more experimental.

2018 is going to be interesting.

Yes, i expected a lot of climbing this week! Good going, Litecoin!

If the litcoin move upwards .i think bitcoin will also goes up.thanks for updating us about crypto☺

great news sir. i hope ltc price will be more higher in future. thanks for sharing with us.

Hi @tradewonk. My opnion we will see start to a big new EWP pattern and first targer will be ATH a lot of cryptocurrencies

Thanks for the nice info....

How is it possible that count? Doesn't match at all with elliot waves.
However, I kinda agree on your targets, specially 240

Many people may have been already expecting this pump as the Litecoin dev team has been consistently active listing LTC to exchanges, adding payment processors, adding more Lightning Network nodes, LitePay, and etc. Sans the Charlie Lee issue selling all his coins, I believe every progress in Litecoin is a positive one and will continue to increase the coin's value in the days to come.

with all the positive news from LTC lately i am sure this is just the begining!

every struggle will surely produce good results according to his efforts and sacrifices. hopefully...