Litecoin Reversed from Support Area

LTC Litecoin prices continue to rise after the price reversed up with the daily Morning Star from the combined support area set between the round support level 100.00 (which has been reversing the price from the end of January) and the lower daily Bollinger Band. The upward reversal from this support area started the active minor corrective wave (ii).

Given the strength of the aforementioned support area and the moderate improvement of the risk sentiment that can be seen across the cryptocurrency market today – Litecoin cryptocurrency can be expected to rise further toward the next resistance level 114.

LTCUSD - Primary Analysis - Apr-15 1121 AM (1 d.png

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