FX.co ★ Litecoin climbs higher as expected, 64.12 as next resistance

Litecoin rallied in the short term after taking out the 60.11 resistance. You knew from my previous analysis that LTC/USD could resume its growth. Now, it was trading at 62.84 at the time of writing below today's high of 63.80 daily high.

LTC/USD increased by 19.48% from Monday's low of 53.40 to 63.80 today's high. The altcoin increased by 3.95% in the last 24 hours and by 0.35% in the last 1 hour.

LTC/USD Upside Pressure!

LTC/USD resumed its growth after taking out the 60.11 resistance. I've told you in my previous analysis that jumping and stabilizing above this level activates further growth. The bias remains bullish as long as it stays above the uptrend line.

The 64.12 level represents an upside obstacle. It remains to see how the rate reacts around this static resistance.

LTC/USD Forecast!

A valid breakout through 64.12 activates further growth and brings new long opportunities.