Litecoin Creeps Up on the Infamous $50 Level - Ahhhhh!

Anyone who follows litecoin if familiar with the $50 level. It has been a big pivot point over the past couple years and a level that has produced bullish or bearish sentiment among coin holders.

Is it time to breakout???

After testing and confirming, LTC pushed off the $40 level and briefly touched $50 before briefly backing away, but price remains strong and could be posed to push above.

If price doesn't continue to push higher a pullback wouldn't be deemed a terrible things as long as it remains above $45. Price action would remain bullish, a drop to $40 would turn price action neutral but still would not be bearish.

Thus, price is in decent shape at the moment. We shall see what this week brings!

Posted Using LeoFinance