LTCUSD pair showed a strong rebound pattern (Double Bottom) in the Support Zone (Support Zone consists of 100.0 Psychological support, 200-days EMA, 61,8% Fibonacci level) and started the growth accompanied with rising volumes, which is a positive sign for the bulls.
Now the pair has already overcome the 200.0 resistance, drew a correction pattern and broke above with rising volume. Hence, it seems that LTCUSD is starting a new bullish wave. As soon as the price breaks above the 250.0 resistance the growth will continue until next resistance at 300.0 level.
Now the pair has already overcome the 200.0 resistance, drew a correction pattern and broke above with rising volume. Hence, it seems that LTCUSD is starting a new bullish wave. As soon as the price breaks above the 250.0 resistance the growth will continue until next resistance at 300.0 level.