No products in the cart.
- Latest
- Trending
ADVERTISEMENT
A widely watched crypto analyst predicts that Litecoin (LTC) will continue its massive rally only if certain conditions are met.
Crypto strategist Justin Bennett To tell A new issue of his newsletter states that Litecoin bulls must defend critical price levels or the rally could collapse.
According to Bennett, Litecoin’s $73.20 price has played a pivotal role in the current rally as it flipped to support levels after serving as resistance levels earlier this month and in May. If Litecoin breaks below $73.20, it will likely return to resistance levels and the token will start to fall, he said.
LTC recently broke out of the confluence of resistance at $73.20 and is now flipping to support. Alternatively, a daily close below $73.20 will signal a bearish fakeout and end the rally.
Litecoin was trading at the $96.50 and $128 price levels earlier this year. For Litecoin to reach these price levels again, it needs to rise another 24% or 64% respectively from its current value.
LTC has surged in price over the past few weeks, reaching $82.63 in November, up nearly 50% from $55.11 at the start of the month. It has remained stable since then, with him trading at $77.82 at the time of writing.
Don’t miss a beat subscribe to get encrypted email alerts delivered straight to your inbox
Price action confirmation
Please follow us twitter, Facebook When telegram
Surf The Daily Hodl Mix
 
Featured Image: Shutterstock/SF Textile Design
