After an exceptionally favorable week for Litecoin (LTC), it has actually had the ability to continue its upwards rate rise today and is among the couple of significant cryptocurrencies that has actually risen throughout a general peaceful trading session in the crypto markets.
Today’s upwards move has actually brought LTC to the top of its resistance area, and a break above this level might result in a substantially more rate rise.
Litecoin Cost Rises Throughout Quiet Trading Session
At the time of composing, Litecoin (LTC) is trading up over 7% at its present rate of $468. LTC is up considerably from its weekly lows of $32, which were set previously recently prior to the cryptocurrency started climbing up.
Impulse, a popular cryptocurrency trader on Twitter, discussed LTC’s current rate rise, keeping in mind that it is now rising versus another resistance level.
“$ LTC revealing no indications of decreasing. Pumping on a Sunday early morning directly to the top of this 3D resistance level … Really pleased with my long from avg ~.093 on Mex. Wish to include however not till I see some kind of retest after a S/R turn. Looking rather spontaneous now,” he discussed.
$LTC revealing no indications of decreasing. Pumping on a Sunday early morning directly to the top of this 3D resistance level.
Really pleased with my long from avg ~.093 on Mex. Wish to include however not till I see some kind of retest after a S/R turn. Looking rather spontaneous now! pic.twitter.com/htqFMBPomH
— Impulse (@instinctxbt) February 10, 2019
Litecoin (LTC) Nears Weekly Resistance Level
Although today’s upwards surge is definitely favorable for LTC, it still has a methods to precede it presses versus its significant weekly resistance level.
SalsaTekila, another popular cryptocurrency expert on Twitter, kept in mind that Litecoin’s strong weekly resistance level presently lies around 0.0165 BTC, up a little from LTC’s present rate of 0.0128 BTC.
“$ LTC analysis, tapping a fresh everyday supply zone. Bottom grey is weekly assistance, leading grey is weekly resistance. Wants to me like a regional top.”
— SalsaTekila (JUL) (@SalsaTekila) February 9, 2019
Other Cryptocurrencies Experience Mixed Trading Session
Although LTC is rising today, a lot of cryptocurrencies are trading combined today.
At the time of composing, Ethereum is trading down partially at its present rate of $11865 ETH is up considerably from its weekly lows of $103 and has actually developed the low-$100 area as a strong level of assistance.
XRP has actually dropped over 1% today and is presently trading at simply above $0.30 XRP has actually traditionally dealt with $0.28 as an area of assistance, which is a little above its 2018 low of $0.25
Bitcoin Money is among today’s worst carrying out cryptocurrencies, as it is trading down 2.3% at its present rate of $12386 Nevertheless, BCH is still up from its weekly lows of $112
Included image from Shutterstock.