It continued to rise higher until meeting resistance at 0.0064 BTC, which is provided by the 100-days EMA level. LTC/BTC – Litecoin Sees Resistance At 100-days EMAĪgainst Bitcoin, Litecoin has also rebounded from the 0.0056 BTC level this week. However, it can remain here for extended periods. Similarly, the Stochastic RSI is also in overbought territory. The RSI is well above the 50 level, which shows that the bulls fully dominate the market momentum. Alternatively, if the sellers step back in and push LTC lower, initial support is located at $50, where lies the 100-days EMA. If the bulls can pass the 200-days EMA, resistance lies at $61.64 (1.272 Fib Extension), $63, and $64.81 (1.618 Fib Extension). The resistance at $60 is deemed to be significant as it is bolstered by the 200-days EMA. If the bulls continue to push higher above $55, immediate resistance is to be expected at $56 and $60.20 (bearish. For this market to turn bearish, Litecoin must drop and fall beneath the support at $38. The latest price surge above $50 is largely caused by the 6% Bitcoin price hike seen in today’s trading session.Īs Litecoin managed to break above the December highs at $47.76 and the 100-days EMA at $50, the coin is now considered to be in a bullish market. The coin has been on the strongest bullish footing since the start of the year as it rebounded from support at $39 and traveled higher. The daily chart above shows Litecoin surging above the 100-days EMA in today’s session to climb higher and meet resistance at the $55.03, which is provided by the short term bearish.

LTC/USD: Litecoin Breaks Back Above $50 To Meet Resistance At $55.

Litecoin has now shot back into the 7th ranked position with a market cap of $4.64 billion.

Against BTC, LTC has also increased as the market meets resistance at the 100-days EMA.Liteocin saw a 20% price surge this week that allowed the price for the coin to rise toward the $54 level.

200 ema litecoin