FX.co ★ Litecoin upside continuation from above 96.11

Litecoin is bullish in the short term as BTC/USD rallied. Still, in the short term, it moves somehow sideways, trying to accumulate more bullish energy before resuming its growth. It was trading at 94.34 at the time of writing.

LTC/USD increased by 3.94% from yesterday's low of 91.02 to 94.61 today's high. In the last 24 hours, the altcoin is up by 2.36% and by 3.27% in the last 7 days.

LTC/USD accumulates more bullish energy

LTC/USD was moving sideways between the level of 96.11 and the uptrend line. The current triangle is seen as a potential upside continuation formation. After escaping from the minor down channel, the altcoin signaled more gains ahead.

In the short term, it could continue to move sideways as the price needs to attract more buyers before climbing higher.

LTC/USD outlook

A valid breakout above the 96.11 activates further growth and represents a long signal.