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- The price trend of Litecoin improves the general recovery of the market.
- LTC / USD technical indicators send positive signals while bulls are back in vogue.
Litecoin bulls return with a bang to revenge after being paralyzed due to the decline that began in November. The asset has undergone a downward trend for over four weeks, although the historical lows traded yesterday seem to be the minimum. C & # 39; was a correction from the lows with the price that exceeded the trendline resistance.
The move above the resistance of the trendline to $ 23.5 has lit more gains with LTC / USD, adding over 5.5% on a daily basis. The crypto is currently changing hands at $ 24.7 after meeting resistance to the Fib 61.8% retracement level with the last swing max of $ 25.95 and $ 22.96 lows.
Indicators on the 15-minute time chart show that the uptrend will prevail in the sessions that remain on Wednesday. The RSI is in overbought regions for the first time since last week. The MACD has withdrawn from the negative region and currently holds a position at $ 0.2685.
The $ 1.4 billion digital asset has reversed the trend, a long-awaited move. It has a 24 hour trading volume of $ 387 million. According to CoinMarketCap is ranked in 9th position.
15-minute LTC / USD chart
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