litecoin

Litecoin Surges as Halving Nears, Can it Hit $200 in 60 Days?

Crypto markets have continued with their consolidation, waiting for Bitcoin to make a move. There are very few crypto assets doing anything today, but Litecoin is one of them, lifted further as the halving approaches.

60 Days To Litecoin Halving

In the past few hours Litecoin has started to move upwards again. From $102 a few hours ago LTC surged to an intraday high of $113 marking a jump of almost 11 percent. Daily volume has climbed over $5 billion pushing market cap up to $7 billion.

Litecoin has recovered almost all of its losses over the past week whereas big brother Bitcoin is down almost 7 percent over the same period. Crypto trader going by the handle ‘CryptoFibonacci’ has been eyeing the LTC charts for some time predicting that it will continue to rise;

“Said last night that I liked the price action. I still like it. Expecting another retest of 122-124 area fairly soon, IMO.”

CryptoFibonacci@CryptoFib

Daily Chart.

Said last night that I liked the price action. I still like it. Expecting another retest of 122-124 area fairly soon, IMO.

See CryptoFibonacci’s other Tweets

The support zones can be clearly seen at the moving averages and the next resistance level is just over $120 as mentioned. With the current bullish momentum, further upsides for LTC are likely regardless of what Bitcoin does next…

Continue reading at NEWSBTC.com

0 replies

Leave a Reply

Want to join the discussion?
Feel free to contribute!

Leave a Reply

Your email address will not be published. Required fields are marked *