Litecoin, the 7th better agenda asset with a bazaar amount of $3.3B, regained arena aloft $57.00 handle afterwards a brief dip to $56.60 during aboriginal Asian hours. The bread is mostly banausic both day-on-day and back the alpha of Thursday. The coin’s boilerplate circadian trading volumes are set at $308M, which is in band with the volumes of the antecedent days. Litecoin is rangebound amidst crumbling volatility.
Litecoin’s abstruse picture
As it is acutely arresting on a 4-hour chart, LTC/USD is capped by the bounded attrition is produced by $59.00 with SMA100 (4-hour), followed by September’s 26 aerial at $59.80. Once this breadth is cleared, the upside may be continued appear $60.00 and $63.58 (September 23 high).
On the downside, LTC/USD is accurate by the lower bound of the concise upside approach (currently at 55.80). Once below, the prices will move appear cerebral $55.00 and to the aing bearish ambition at $51.66 (September 19 low).
LTC/USD, 4-hour chart
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