BTCUSD Bitcoin

Litecoin is re-testing the psychological $50 level of resistance after rallying by 13.82% since the start of the week. The market cap of Litecoin has subsequently risen from $2.6 billion to nearly $3 billion as it asserts itself as the seventh largest cryptocurrency. It may take a couple of attempts before a breakout above $50 comes into fruition, but sentiment surrounding Litecoin remains bullish following the break above $40 on Monday. Another potential target to the upside has emerged at $53.55 as it is in confluence with the daily 200 moving average, which has been a key point of support and resistance over Litecoin’s nine-year history. However, during a time of relative chaos from an economic standpoint it’s worth pointing ...
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