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Litecoin Reversed from Support Zone

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Crypto Daily, Recent news

Litecoin cryptocurrency today reversed up from the support area located between the multi-month support level 97.65 (which has been reversing the price from the middle of January as can be seen from the daily Litecoin chart below) and the lower daily Bollinger Band. The upward reversal from this support zone stopped the previous correction 2.

Given the strength of the nearby support level 97.65 and the oversold reading on the daily Stochastic – Litecoin cryptocurrency can be expected to rise further toward the next resistance level 110.00.

Last Updated: April 27, 2022

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