*LTC/USD is trading at $47.79 at the time of writing, in an attempt to break through $50
*The crypto highlights the day after progressing from an initial value of $47.43 to an intraday high of $48.50, rising 2.5 percent gain
*Litecoin is progressing into enhanced privacy as the project improved on MimbleWimble (MW) integration with Litecoin Codebase
LTC/USD Daily Chart
The bullish momentum is likely to persist, depending on the upside movement of the RSI from levels near to the mid-range. The ascending trendline reinforces the same bullish trend. Albeit the pattern is now in the ranging area, upward momentum had also ebbed and flowed toward $50 while the MA 50 and MA 200 may converge to drive up prices. In other terms, in upcoming sessions, Litecoin is positioned to test the resistance threshold at $50.
LTC/USD 4-Hour Chart
The LTC/USD pair will only be bullish whilst exchanging beyond the $45.00 mark, the main barrier is at the $50.00 mark. When the LTC/USD pair is exchanging under the $45.00, sellers may test the support levels of $41.43 and $37.17. Besides, the cryptocurrency registered increases of about 2.5 percent in the last 24 hours at $47.76 at the time of writing, while RSI’s signal line (14) renders a radical change into the positive side.
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