Litecoin changed little in the short term but the bias is bullish. After its impressive growth, the rate retreated a little but it could resume its growth at any time. It's located at 69.61 at the time of writing.
Bitcoin's upside continuation should force the altcoin to approach and reach new highs. In the last 24 hours, LTC/USD is up by 1.02% and by 13.82% in the last 7 days.
LTC/USD Gathering More Buying Energy!As you can see on the h4 chart, the altcoin is trapped between the weekly R2 (70.41) and R1 (67.86) levels.
It has registered only false breakouts through the 70.68 static resistance (former high) and above the median line (ml) of the ascending pitchfork. Still, staying near these upside obstacles indicates an imminent breakout.
LTC/USD Forecast!Jumping and closing above 70.68 and above the median line (ml) activates further growth and brings new long opportunities.