• LTC trading at the level of $55.70 with a gain of 14.2% and rose to 11.59% after the news of Paypal 
  • The volume of the coin jumps 142% in the last two trading sessions stands at $4,135,056,143 whereas the market capitalization stands at $$3,660,120,322 
  • The cryptoasset got bullish after the overall rally in the crypto market
source:tradingview

LTC trading at the level of $55.70 with the increment of 14.2% in the last 24-hours, the coin forming the rising support over the monthly chart and after the bullish momentum in the crypto market, it upsurge at the level of $55.70. The monthly low of the coin is $42.54 and after testing the low the price recovery is seen on the counter as the coin has support at the level of $42.54 and the minor resistance at $48.48.

After clearing the minor resistance of $48.48 it headed another resistance of $51.63 and after clearing both the resistance levels the coin is trading near the resistance of $59.17 and the strongest barrier is $63.65 acts as the strong resistance for it. The support level for the cryptoasset is $53.18 and $47.65.

source:tradingview

Relative Strength Index (RSI) trading at the level of 82 which is the overbought zone, after trading under the level of 50 the RSI gives a positive single indicating the strength in the coin. However, it also indicates the prone to have a sharp negative divergence.

Commodity Channel Index (CCI) is trading at the level of +158 and the indicator gave a sharp recovery from the bearish zone and trading in extreme bullish but its caution for the investor for the sharp fall.

The crypto market is now in the bull run but its time for the investor to protect profit and stay caution from the bull run.

Resistance: $59.17 and $63.65

Support: $50.65 and $47.65  

(Excerpt) Read more Here | 2020-10-22 05:32:00
Image credit: source

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