LITECOIN GAINS VALUE: $120 Set As Target
It is noteworthy that in the cryptocurrency market
#Litecoin gained over 10% in value by overcoming the $105 resistance against the US Dollar.
This indicates that the price could move towards the $120 resistance.
Optimistic Developments for Investors
Litecoin continues its uptrend by gaining strength from the $95 support level. It is trading above the $100 simple moving average, providing investors with a positive outlook.
A featured chart analysis shows LTC’s bullish trend line forming around the $101.50 support level. This shows that Litecoin can continue its rise if it does not fall below $ 100.
$120 Possible Goal
Litecoin is rising with a stronger performance compared to other major cryptocurrencies, Bitcoin and Ethereum. It forms a solid support above the $80 level, contributing to the price increase. A target of $120 to $122 is currently set.
