Feb 26, 2020 at 09:04
Litecoin Is Range Bound as It Faces Stiff Resistance at $80
On February 25, Litecoin attains the high of $80 but the bulls have made concerted efforts to push the price above the resistance. LTC fell to a low of $72 because of the bull’s inability to break above the current resistance. It is noteworthy to know that the current resistance has not been broken since August 2019. On February 13 and 14, the current resistance was partially broken by the bulls as the price reached a high of $84.
Feb 25, 2020 at 23:37
New Partnership: Litecoin Foundation and Cred Join Forces
Litecoin Foundation has decided to take an important step towards its promotion by partnering up with a company called Cred. That will allow them to offer LTC collateral interest, as announced in the official press release by the foundation. All customers of Cred will have an opportunity to lock their cryptos with the provider so that they can earn an annual percentage rate that can go up to 10%.
Feb 21, 2020 at 11:54
Litecoin Recovers from Downtrend, Consolidates Above $66 Support Line
Recently, Litecoin made an impressive move to reach a high of $80. LTC could not continue with the uptrend. The bulls failed to push the price over the resistance. As a result, the bulls were resisted as the price fell to $65 low. It should be noted that Litecoin traded and reached the overbought region of the market.
Litecoin Unable to Sustain Above $70, Faces Selling Pressure
Presently, Litecoin is in an uptrend after the coin came out of its range-bound move at the bottom of the chart. LTC uptrend has been unique because of the breaching of the resistance levels. Firstly, it broke the resistance at $50. Secondly, the bulls made three unsuccessful attempts before breaking the resistance at $62.
Litecoin Breaks Resistance at $62, Unbroken Since September
Expectantly, the bulls have broken the resistance at $62 and the coin is approaching a high of $70. Before this time, the resistance at $62 has been an uphill task to break. The bulls made three unsuccessful attempts to break it. On January 29, the resistance was breached. Interestingly, the upward move is continuing but the coin may face another resistance at $70.