RATE Group | Litecoin (LTC) Price Leader In Uptrend, Outperforms BTC, XRP and ETH
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Litecoin (LTC) Price Leader In Uptrend, Outperforms BTC, XRP and ETH

18 Dec Litecoin (LTC) Price Leader In Uptrend, Outperforms BTC, XRP and ETH

Posted at 10:13h in Ethereum News by

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Litecoin price started a solid bullish wave and moved above $26.00. LTC performed really well and overpowered gains in bitcoin, Ethereum and other major altcoins.

Key Talking Points

  • Litecoin price gained pace recently and broke the $26.00 and $28.00 resistances (Data feed of Kraken) against the US Dollar.
  • There was a break above a few key breakout patterns near $26.10 and $28.50 on the hourly chart of the LTC/USD pair.
  • LTC price remains in an uptrend and it could rally above the $30.00 and $32.00 resistances.

Litecoin Price Analysis

There was a strong upward move in litecoin price above the $26.00 resistances against the US dollar. The LTC/USD pair traded with a positive bias and rallied before there were moves in BTC/USD, ETH/USD, EOS and XRP/USD.

Litecoin Price Analysis LTC Chart BTC XRP ETH

Looking at the chart, LTC price spiked towards the $26.50 level yesterday and later corrected lower. However, dips were limited as the price found support near $25.00 and it remained well above the 100 hourly simple moving…

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