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After an incredibly positive week for Litecoin (LTC), it has been able to continue its soaring price hike and is one of the few big crypto-currencies to have risen during a trading session globally. silent on the cryptography markets.
Today's uptrend has placed LTC at the top of its resistance zone, and a break above this level could lead to a further sharp rise in prices.
Litecoin Price Flames During Quiet Trading Session
At the time of writing this article, Litecoin (LTC) is trading up more than 7% at its current price of $ 46.8. LTC is up sharply from its weekly low of $ 32, which had been set earlier last week before cryptocurrency began to climb.
Instinct, a popular cryptocurrency operator on Twitter, spoke of LTC's recent price spike, pointing out that it now faces another level of resistance.
"$ LTC shows no signs of slowing down. Pump a Sunday morning straight up this level of 3D resistance … Very happy with my long average start ~ .093 on Mex. Would you like to add but not before seeing some type of test after a flip-flop? You seem pretty impulsive now, he explained.
$ LTC showing no signs of slowing down. Pumping a Sunday morning directly to the top of this level of 3D resistance.
Very happy with my average long ~ 0.093 on Mex. Do you want to add but not before seeing some type of test after a flip S / R. You seem impulsive enough now! pic.twitter.com/htqFMBPomH
– Instinct (@instinctxbt) February 10, 2019
Litecoin (LTC) close to weekly resistance level
While today's rise is certainly positive for LTC, it still has a long way to go before reaching its major weekly resistance level.
SalsaTekila, another popular cryptocurrency badyst on Twitter, said Litecoin's high weekly resistance level is currently around 0.0165 BTC, up slightly from the current LTC price of 0.0128 BTC.
"$ LTC badysis, operating a new daily supply area. The gray at the bottom is a weekly support, the gray at the top is a weekly resistance. It looks like a local top.
/ 5 $ LTC badysis, operating a new area of daily supply. The gray at the bottom is a weekly support, the gray at the top is a weekly resistance. It looks like a local top. pic.twitter.com/tZZZYzZC5c
– SalsaTekila (JUL) (@SalsaTekila) February 9, 2019
Crypto-currency experience Mixed trading session
Although LTCs are booming today, most crypto-currencies are traded in a mixed manner.
At the time of writing this article, Ethereum is trading slightly at its current price of $ 118.65. ETH is up sharply from its weekly minimum of $ 103 and has set the lows region at $ 100 as a significant support level.
The XRP has fallen by more than 1% today and is currently trading at just over $ 0.30. The XRP has always treated 0.28 USD as a support region, which is slightly higher than its minimum of 0.25 USD reached in 2018.
Bitcoin Cash is one of the worst crypto-currencies today, as it trades down 2.3% at the current price of $ 123.86. However, BCH is still up from its weekly lows of $ 112.
Selected image of Shutterstock.
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