The support and resistance lines have been lined up on the graph to be honest like many others I expected a little pullback or some sideways action but the bulls pushed and it looks like we have a v shape recovery pattern playing out. At the moment we can see litecoin hitting an area of resistance around 90 USD but I expect this to be broken fairly soon and to push onto the next little resistance pocket of 94 USD, if that breaks then things will be looking very good for this coin.
We can also seen on the daily MACD that it is trying to break bullish so another hint at a bigger bull break possibly.
We can also seen on the daily MACD that it is trying to break bullish so another hint at a bigger bull break possibly.