Will Litecoin Push Higher After Cracking Downtrend?
Litecoin has shown some positive signs this week after cracking the down trend line and then having a successful test of it when putting in that most recent higher low.
Technically that is better price action
From a technical aspect the items I described above are a positive. You can see them in the chart, trendline broken, a higher low put it.
On the flipside, volume has been nothing special and we have seen a similar move out of other alts, such as ETH and EOS.
So the question now seems to be - are the alts finally getting some love? Or is this just an over sold bounce?
For Litecoin closing above $70 or so today will be the bare minimum for it to have a shot at pushing higher - in my opinion. It definitely needs to remain above $65 over the coming days regardless for price action to be considered positive still.
Gee I hope so. LTC has been a post halving smelly turd.
I hope so!
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We can't forget that the case can be made to say that Litecoin started this year's rally so it can happen again!
An entire alt coin rally would be nice!