A lot of the main crypto property similar to Ethereum are nonetheless coupled to the actions of bitcoin. Solely Litecoin has proven its independence just lately because it continues to surge regardless of ongoing consolidation for bitcoin and the remainder of the crypto market.


Litecoin 00 is on hearth in the intervening time, surging one other 12% immediately and making over 33% on the week. LTC has been one of many high performing crypto property of the yr notching up a whopping 345% since its lowly $30 value on new yr’s day.

Litecoin Resistance Turns Into Assist

Litecoin has surged from resistance at $125 to hit a brand new 13 month excessive of $140 throughout Asian buying and selling immediately. LTC has not been value this excessive since mid-Could 2018 when markets had been on a downward slide from their peaks in January.

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LTC costs 1 HR candles – Tradingview.com

The transfer has pushed LTC market cap as much as $8.6 billion and quantity is hovering round file ranges at $5.four billion. As traditional, the merchants and analysts on crypto twitter have been scouring the charts on the lookout for the following course for Litecoin. Most agree that will probably be up however key psychological ranges of resistance have shaped across the $150 space.

Dealer Josh Rager has noticed this and predicts a whole lot of revenue taking at this value degree, which is now solely $10 away:

All you Litecoin followers have to be pleased about LTC breaking the present resistance on the day by day. $125 has now flipped to help. Wouldn’t be shocked if LTC made its approach as much as $150 which can be robust resistance on the weekly and psychological take revenue space.

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Others are in settlement with dealer going by the deal with ‘CryptoFibonacci’ eyeing the mid $140s and including;

Very spectacular, however operating into some quick time period Fib extension resistance. May nonetheless hit mid 140’s, however I anticipate a retrace right here within the subsequent couple of days.

FOMO Setting In For LTC

There may be a whole lot of fomo floating across the crypto sphere this week and it’s all for Litecoin. Even the coin’s godfather Charlie Lee, who has been quieter than traditional these days, has retweeted issues like

Litecoin is doing so effectively Craig Wright will quickly be claiming he’s Charlie Lee.

The halving, which is clearly driving it, remains to be 54 days away so the large query is how excessive will LTC go and when will it fall again. Except bitcoin makes a large transfer north inside the subsequent two months, Litecoin is more likely to retrace at some stage.

In the long run, this doesn’t actually matter however merchants in search of quick time period income will most likely pull out earlier than the August occasion. For the time being although, all momentum is with ‘digital silver’ because it continues to outperform its ‘digital gold’ brethren, Bitcoin.

Will Litecoin surge previous $150 or pull again quickly? Add your ideas under.


Photos through Shutterstock, Tradingview.com

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