Charted: Litecoin Prints Bullish Breakout, Why LTC Could Surpass $65

Charted: Litecoin Prints Bullish Breakout, Why LTC Could Surpass $65


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Litecoin price is gaining momentum above $62.00 against the US Dollar. LTC is likely to continue higher (similar to bitcoin), and it could even break the $65.00 resistance in the near term.

Litecoin formed a strong support base near $57.00 and started a fresh increase against the US Dollar. The price is now trading nicely above the $60.00 level and the 100 simple moving average (4-hours). There was a break above a major contracting triangle with resistance near $60.00 on the 4-hours chart of the LTC/USD pair (data feed from Kraken). The price is likely to continue higher above the $64.00 and $65.00 resistance levels. Litecoin Price Starts Fresh Increase

This week, bitcoin price gained pace above the $15,500 and $16,000 resistance level, sparking positive moves in altcoins. Litecoin performed really well, and it started a decent upward move after forming a support base near the $57.00 level.

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LTC price broke the $58.50 and $60.00 resistance levels to move

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