FX.co ★ Litecoin accumulates more bullish energy

Litecoin continues to move sideways in the short term and it seems undecided. It's located at 77.08 at the time of writing. Technically, after its massive sell-off, the altocoin tries to come back higher. Bitcoin's potential upside continuation should drag the altcoin higher as well.

LTC/USD Retesting The Buyers!

LTC/USD is trapped between 76.21 and 78.48 levels in the short term. The current sideways movement announces that the price is gathering more buying energy.

The median line (ml) of the ascending pitchfork represents a dynamic resistance, while the weekly pivot point of 76.01 stands as a downside obstacle.

LTC/USD Outlook!

A valid breakout through the median line (ml) and making a new higher high activates an upside continuation. This is seen as a buying opportunity.