Litecoin (LTC): Buyers Can Use This Strategy to Stay Profitable

Bitcoin’s growth within the previous month has advanced bullish revival efforts within the cryptocurrency market. The altcoin market revealed spillover effects of BTC’s upside, recording double-digit monthly surges.

Consequently, Litecoin buyers secured renewed momentum that supported the assets to resurge above the 20 Exponential Moving Average and the 50 Exponential Moving Average.

A possible closing beyond the closest ceiling might amplify the probability of extended upside over the coming sessions. While publishing this post, LTC changed hands at $61.

Litecoin Daily Timeframe

LTC’s efforts to halt the bearish bias eventually succeeded as the altcoin revived more than a third within the past three weeks. Bulls ensured their footing above the 20-50 Exponential Moving Average shackles due to the ascending channel.

Litecoin bulls have battled to overcome the $61 – $62 resistance since overturning the 5-month resistance to foothold.

With the 20-Exponential Moving Average remaining northbound, the buying resurgence might position LTC to extend its patterned oscillation.

In such scenarios, potential targets would stay around the $68 mark near the upward channel’s upper trendline.

Bulls should secure a closing beyond the nearest resistance range to increase the probability of sustained recoveries. A break beneath the setup would confirm reversal tendencies that might affirm shorting signs.


The RSI (Relative Strength Index) battled to keep a spot above the 60-level while displaying a slight bullish edge. Sustained actions beyond the equilibrium would favor bulls.

Nevertheless, on-balance volume’s bullish divergence can help buyers keep the present pattern to extend the growth phase.

However, it should overpower its resistance to support a massive buying preference. Furthermore, the MACD lines witnessed bullish favoritism while swaying beyond the zero-line.


Considering the 20-50 EMA bullish cross plush the daily chart’s bullish engulfing candle, buyers would target to extend the patterned action.

Targets would stay as discussed. Meanwhile, reversals from $68 or the pattern’s lower trendline could suggest a ‘sell’ signal.

Lastly, Litecoin boasts a 95% correlation with Bitcoin. That means LTC enthusiasts should watch BTC’s actions for profitable decisions.

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