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BTCUSD Bitcoin

67,769.17

761.34 (1.14%)

12:13:42 - Realtime Data

Name	Symbol	Market	Market Cap ($)	Algorithm
Bitcoin	BTCUSD	Crypto	1,338,262,413,761	SHA-256d

	Price Change	Price Change %	Current Price	Bid Price	Offer
	761.34	1.14%	67,769.17	67,769.17	67,769.18

High Price	Low Price	Open Price	Prev. Close	52 Week Range
67,800.00	66,744.00	67,038.00	67,007.83	27,135.92 - 73,835.57

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	12:13:42	0.000113	67,769.17	USD

Price x Volume	Volume	Base Symbol	Related Pairs
200,259,350.46	2,976.83	BTC	BTCEUR	BTCGBP	ETHBTC

Litecoin (LTC) Jumps 10%: Can the Bulls Fuel a Bigger Rally?

16/10/2024 6:08am

NEWSBTC

Litecoin price is gaining pace above the $70.00 level against the US Dollar. LTC could continue to rise if it clears the $72.80 resistance zone. Litecoin is showing positive signs from the $65 support zone against the US Dollar. The price is now trading above $70 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support at $68.00 on the hourly chart of the LTC/USD pair (data feed from Kraken). The price is up over 10% and might continue to rise if it clears the $72.80 resistance zone. Litecoin Price Gains Bullish Momentum After forming a base above $65, Litecoin started a fresh increase. LTC price broke the $68 and $70 resistance levels to move into a positive zone, like Bitcoin and Ethereum. The price gained over 10% and even cleared the $72 level. A high was formed at $72.74 and the price is now consolidating gains. It is stable above the 23.6% Fib retracement level of the upward move from the $65.29 swing low to the $72.74 high. Litecoin is now trading above $70 and the 100 simple moving average (4 hours). There is also a key bullish trend line forming with support at $68.00 on the hourly chart of the LTC/USD pair. The trend line is close to the 61.8% Fib retracement level of the upward move from the $65.29 swing low to the $72.74 high. On the upside, immediate resistance is near the $72.00 zone. The next major resistance is near the $72.80 level. If there is a clear break above the $72.80 resistance, the price could start another strong increase. In the stated case, the price is likely to continue higher toward the $75.50 and $78.00 levels. Any more gains might send LTC’s price toward the $80.00 resistance zone. Are Dips Supported in LTC? If Litecoin price fails to clear the $72 resistance level, there could be a downside correction. Initial support on the downside is near the $71.00 level. The next major support is forming near the $69.00 level, below which there is a risk of a move toward the $67.50 support. Any further losses may perhaps send the price toward the $65.00 support. Technical indicators: Hourly MACD – The MACD is now gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for LTC/USD is above the 60 level. Major Support Levels – $71.00 followed by $67.50. Major Resistance Levels – $72.80 and $80.00.

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