• Litecoin (LTC) started to increase above $85 against the US Dollar.
• There is a key bearish trend line forming with resistance at $92 on the 4-hour chart of LTC/USD pair.
• A clear move above the $92 level could push the price towards the $100 mark.
Litecoin Price Analysis
Litecoin started a steady increase above $85 against the US Dollar. There is a key bearish trend line forming with resistance at $92 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase). The pair could gain bullish momentum if it clears the $92 and $95 resistance levels.
Technical Indicators
4 hours MACD – The MACD for LTC/USD is now gaining pace in the bullish zone.
4 hours RSI (Relative Strength Index) – The RSI for LTC/USD is now above the 50 level.
Key Support Levels
$88 and $85
Key Resistance Levels
$92 and $95.