Litecoin Jumps 13% in 24 Hours — Can LTC Break the $150 Resistance Next?
Litecoin has surged by 13% within a single day, catching the attention of many in the crypto community. The recent price spike raises a crucial question: Will LTC manage to break through the $150 barrier soon? This article delves into key market trends and highlights coins poised for potential growth. Keep reading to discover which assets are on the move.
Litecoin Holds Steady, Poised for Potential Growth
Source: tradingview
Litecoin is currently trading between $106 and $128, showing steady movement. It's seen a noticeable increase of over 10% in the last week and almost 18% in the past month, indicating strong momentum. The Relative Strength Index is at 63, suggesting it's nearing overbought territory but still has room to grow. If momentum continues, Litecoin could test its next resistance at $136, and possibly even reach the $157 mark in the longer term, marking a jump of nearly 23%. However, if the coin faces a downward shift, support at around $95 should provide stability. With a six-month growth of over 67%, Litecoin's upward trend remains promising.
Conclusion
LTC has shown impressive gains, jumping 13% within a day. The next key level is $150. Breaking this level could open new highs for the coin. With strong momentum and market interest, it is crucial to watch how LTC performs in the coming days. Successful surpassing of the $150 mark could signal further growth. The coming sessions will be critical in determining whether LTC can sustain its upward trajectory.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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