1
The Litecoin price shows a bounce from the 50-day EMA mark and is heading toward $100.
2
Buyers are excited for a breakout and accumulate the coin for the past few sessions.
The Litecoin (LTC) price gained momentum and jumped massively from the 50-day EMA mark, replicating a fresh higher high swing above the $95 level. This move led the sellers into trouble, and the decrease in the OI gives a hint of the short-covering move. Apart from that, the bulls are keen on lifting the coin away from the round mark of $100 and persisting in accumulation.
Following the market surge, the Litecoin price regained traction and has jumped above the key moving averages, witnessing a bounce of over 35% this week and resembling the bull dominance.
At press time, the Litecoin (LTC) price was trading at $98.10 with an intraday gain of 0.70%, indicating neutrality on the charts. It has a weekly return ratio of 19.35% and 37.90% on a monthly basis. The pair of LT
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