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Saturday

05 December 2020

Charted: Litecoin Is Outperforming Major Altcoins, Why Dips Remain Attractive

Charted: Litecoin Is Outperforming Major Altcoins, Why Dips Remain Attractive


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Litecoin price traded to a new monthly high near $84.12 and settled above the 100 simple moving average (4-hours).

If there is an extended decline, the price could test the $76.50 support level (the recent breakout zone).

The 50% Fib retracement level of the recent increase from the $Q68.35 swing low to $84.12 high is also near $76.24.

The main resistance is near $85.00, above which the price might surge towards the $90.00 level.

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