Litecoin value exhibits ambition in response to the Fed’s interest rate decision. A bullish engulfing candlestick is one hour away from settling because the New York Session comes to finish. The bullish engulfing candle will set up a extra necessary morning star pattern on the day by day chart.
Litecoin value presently trades at $58.75. There’s a slight uptick in transactions based on the Quantity Profile Indicator. Additonaly the bulls have hurdled each the 8- and 21-day easy shifting averages. If the technicals are appropriate a rally in the direction of $70 could be underway. A breach above the $62 congestion zone could possibly be the catalyst maker of the potential transfer.
LTC/USD Every day Chart
Within the following video, our analysts deep dive into the value motion of Litecoin, analyzing key ranges of inerest available in the market. -FXStreet Crew
