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- LTC / USD has a limit of $ 52.00 as the bullish momentum is fading.
- Users of Litecoin can send and receive coins via Facebook.
Litecoin is changing hands at $ 51.34, below the intraday low at $ 47.73, gaining almost 3% in the last 24 hours. The market value of the seventh largest currency was $ 3 billion, while average daily trading volumes reached $ 302 million. Bullish momentum is gaining traction; however, the upside may be limited by $ 52.00 handle.
Technical framework of Litecoin
In the standings, LTC / USD has a limit of $ 51.75 (SMA100, 4 hours) and psychological $ 52.00. Once deleted, the recovery can be extended to $ 54.20 (SMA200, 4 hours), this is where the new sales interest may appear. The relative strength index has returned from the overbought territory, which means that downward correction is highly possible.
On the downside, support is found with SMA50 ($ 50.76) and $ 50.00. Follows $ 47.69 (October 29th) and $ 47.21 (August 14th minimum).
Meanwhile, the Lite.IM project announced that over 2 billion users of their platform could use Facebook Messenger to send and receive Litcoin.
We are pleased to announce that @liteim_official is now available on Facebook Messenger. Users of 2Bn + @facebook can now directly and safely access, send, manage and invest in Litecoin.
LTC / USD, 4-hour chart
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