• LTC coin has not too long ago confronted rejection at $43; shaped assist at $41
• The bullish trendline has been shaped, and it might stay intact if the market stays in favor
• Technical indicators are giving blended indicators at current; the coin has simply shaped a bullish candle

Litecoin Value Evaluation

Litecoin is buying and selling with a bullish bias since as we speak morning because it has firmly climbed above $40. The coin is pacing up with the present market sentiment, which has turned considerably bullish as we speak. Bitcoin has climbed above $6000, whereas XRP and ETH are additionally testing resistance ranges with a constructive bias.

LTC opened yesterday at $34.95, and it remained in the identical zone within the preliminary hours. The coin escalated above $40 until 18:00 UTC, and earlier than closing, it had one nearer above $40.

At the moment, the coin shaped a dip close to $38, which is the place a bullish trendline passed off. The LTC value went as excessive as $43 after which pulled again beneath $41 for some time. At 12:37:03 UTC, LTC coin is buying and selling at $41.53.

Technical indicators for the Litecoin are giving blended indicators concerning its upcoming value momentum. Whereas the coin is above the 200-day EMA line, easy shifting averages are within the bullish zone too. Notably, the MACD chart is about to enter the bearish zone with its Sign line on the upside. Based on our LTC Coin Value Prediction, Litecoin may right downwards to retest $40 value mark.