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Litecoin[LTC]: Litecoin’s fundamental looks strong, can expect a $37 breakout

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blockmanity.com 04 February 2019 09:10, UTC
  
Reading time: ~1 m

If technical indicators are to be believed, then it can be seen that Litecoin has some strong fundamental currently. Litecoin’s day charts show an upward trend, and could potentially break $37. Breaking $35 will give Litecoin a small boost.

Litecoin Price Chat. Courtesy Ethereum World News

Litecoin Price Chat. Courtesy Ethereum World News

Litecoin touched $34.50 before beginning a small downside correction. If you look at the above chart, this has been the pattern with Litecoin for the past 4 days. beginning from February 1, 2019.

Litecoin would increase between 2-4% and after reaching a peak point, would see a small downward correction of roughly (1-2%) and then begin the upward trajectory once again. This pattern of rising and small fall is a bullish pattern and if the pattern continues, Litecoin can touch $37.

Litecoin’s price is currently in the positive zone, and day traders should see some short term profits. Litecoin has begun the downside correction. According to Coinmarketcap, Litecoin is currently trading at $33.61, a 1.4% decrease since 24 hours.

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