Litecoin broke through the downtrend line.
The stock is moving in a narrow uptrend channel, near the lower boundary.
Trading volumes remain high and the price has held the support level.
The 50MA has broken up the 200MA on the 4H Timeframe.
LTC has fixed above the 50MA on the 1H Timeframe.
I expect that the price will continue to rise after fixing above the resistance level, but further price movement will depend on the reaction to the first target.
The stock is moving in a narrow uptrend channel, near the lower boundary.
Trading volumes remain high and the price has held the support level.
The 50MA has broken up the 200MA on the 4H Timeframe.
LTC has fixed above the 50MA on the 1H Timeframe.
I expect that the price will continue to rise after fixing above the resistance level, but further price movement will depend on the reaction to the first target.
