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    Baxia Markets
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    April 03, 2022

    Litecoin could resume uptrend

    technical analysis top header -01

    The cryptocurrency is up more than 30% in the last 21 days, the pair recently found a pullback but could continue the uptrend in the short term and potentially break the resistance at $140. The short and long-term moving averages are below the price, suggesting that the price will continue rising.

     

    The Bollinger bands are wide but they are starting to close, however, volatility should continue to be high in the upcoming trading sessions, the pair could find resistance in the upper band at $136.

     

    Litecoin April 1st 2022

     

    The relative strength index is ay 62%, we expect the pair to reach an overbought status in a few days, as the price continues gaining ground, at that point, a retracement is very likely to occur which will allow the pair to grab strength in order to make an attempt to break the resistance.

     

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