Among altcoins driven into depression by the falling bitcoin, rising Litecoin shows encouraging signs of bullishness.
The main positive driver for the Litecoin is rumors about listing LTC on the Gemini exchange.
From the technical view:
Price holds near to the 23.6% Fibonacci level of the previous uptrend, the last frontier before new heights.
200-days EMA, which serves as strong support stays below the price as well as the Bullish Trend Line.
LTCBTC fluctuates around the 0.02 level, the breakthrough of this level will be a sign of further bullish development. Next resistance levels will be 0.022 (2017.05 high) and 0.025 (previous peak).
Hence, if the Litecoin will gain a lot of capitalization and price after it's listing on Gemini, this is the right time to buy.
The main positive driver for the Litecoin is rumors about listing LTC on the Gemini exchange.
From the technical view:
Price holds near to the 23.6% Fibonacci level of the previous uptrend, the last frontier before new heights.
200-days EMA, which serves as strong support stays below the price as well as the Bullish Trend Line.
LTCBTC fluctuates around the 0.02 level, the breakthrough of this level will be a sign of further bullish development. Next resistance levels will be 0.022 (2017.05 high) and 0.025 (previous peak).
Hence, if the Litecoin will gain a lot of capitalization and price after it's listing on Gemini, this is the right time to buy.
