Litecoin Comeback: Bullish Reversal Sets The Stage For $76.85 Target

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Litecoin Comeback: Bullish Reversal Sets The Stage For $76.85 Target - NewsBTC

Quick Summary:

Key technical indicators now point to further gains, with $76.85 emerging as the next significant resistance level. As the market responds to this bullish shift, this article will delve into Litecoin’s bullish reversal and assess the significance of the $76.85 target and its implications for future price action.

On the 1-day chart, although Litecoin is still trading below the 100-day SMA, it demonstrates upbeat resilience, steadily advancing toward the 100-day SMA and the $76.85 level, with multiple bullish momentum candlesticks forming.

Analyzing Litecoin’s Bullish Reversal To $76.85 Litecoin’s price on the 4-hour chart is bullish, having crossed above the 100-day Simple Moving Average (SMA) as it approaches the $76.85 level.