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With Litecoin steady at $68.23, can the LTC bulls breach this critical resistance?

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Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion LTC had a price pullback at $68.23 LTC could face further rejection in the $68.89-$69.55 area if it moves above $68.23 TradingView’s four-hour chart showed that Litecoin [LTC] had rallied since 29 December, with […]

plunged to $16.57k, suggesting that investors should watch BTC’s performance before trading.

The Relative Strength Index was consistently above the midpoint but close to it. It showed that buying pressure increased but met resistance from sellers. The On-balance Volume had accelerated; thus, there was an increase in trading volume and enhanced buying pressure.

 

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