FX.co ★ Litecoin: imminent breakout

Litecoin is moving sideways in the short term. It's trading at 68.65 at the time of writing. After the last strong upside movement, a retreat was natural. The price continues to accumulate more bullish energy before jumping higher.

In the short term, it seems undecided, that's why we have to wait for fresh opportunities. In the last 24 hours, LTC/USD is down by 0.57% but it's up by 0.71% in the last 7 days.

LTC/USD Consolidates Its Gain!

Technically, LTC/USD ended its last retreat and now it is challenging the median line (ml) and the weekly pivot point of 68.87.

Failing to take out 60.75 announced exhausted sellers and that the buyers could take it higher.

LTC/USD Forecast!

Staying near the median line (ml) and right below 70.68 indicates an imminent breakout. A valid breakout through these obstacles validates more gains.