The cryptocurrency continues the uptrend it started in early March but found a few retracements along the way. The pair trades above the short and long-term moving averages, indicating that the uptrend would continue.
The Bollinger bands are opening up which will bring higher volatility in the upcoming sessions and also indicates that the uptrend should continue as the upper band is opening slightly more aggressively. The price trades close to the upper band, which tells us that we might see another pullback in the next few days.
The relative strength index is at 57% which will also allow the price to continue climbing until it reaches an overbought status at 70%. Litecoin is entering the Ichimoku cloud which could bring market uncertainty. Our parabolic SAR indicator suggests that the price will continue the uptrend.
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