Litecoin News Today – Litecoin LTC Crosses Another Key Resistance at $56, Surges Higher With Next Target at $64 – August 1st, 2020

  • Litecoin LTC Joins the Market-wide Rally Crossing Key Resistance Levels Above $56
  • Higher Highs Will Take the Token as High as $64 Near-term

Litecoin News Today – Over the last few days, Litecoin LTC has been surging against the USD along with Bitcoin and other top cryptocurrencies on CoinMarketCap. Since the beginning of the month, there has been strong resistance for the LTC token at the $56 level. We noted that rising above this resistance would lead the LTC token higher against the USD and Bitcoin BTC. Now, the token has broken this major resistance and is now moving higher against the USD. The successful surge above this resistance but the bulls aren’t ready to leave the game yet.

Litecoin News Today – Litecoin LTC Price Surges Above the $59.00 Level With Higher Highs to Come

At the time of writing, the price of Litecoin LTC was at $59.01. It is up by 2.53% against the USD but down by 0.63% against Bitcoin BTC. The trading volume over a 24 hour period is $2,800,305,811 and the market capitalization is $3,844,894,771. The bulls aren’t ready to leave the market yet so we should expect that it will test the next resistance at $60 ib the next few hours of trading. If this happens, the next key resistance for LTC will be $64. This isn’t going to be difficult if the token maintains the current bullish momentum against the USD.

Litecoin (LTC) Price Today – LTC / USD

NamePrice
litecoin
Litecoin
$89.42

If the Litecoin LTC token is unable to maintain the bullish momentum and the bears take control of the market, the token will fall as low as $55 where the support will hold and prevent lower lows. Ever since the token crossed the resistance at $41, it has been moving higher against the USD. It finally moved above the resistance at $56 setting a distribution zone in the $60 to $63 level. At the same time, there is strong support for Litecoin LTC from the $48 to $52. It all depends on which price action the token takes first. On the other hand, if the price of the Litecoin LTC token keeps up the bullish pace, there is a strong chance that the token will move as high as $80 but you should not keep your fingers crossed yet.

In other news, Bitcoin is surging steadily against the USD. It is currently trading at $11,535.08. It is up by 2.86% against the USD with a trading volume of $25,467,735,803 and a market capitalization of $212,805,183,664. As long as the Bitcoin BTC token continues to surge against the USD. There is a strong chance that the other tokens, Litecoin LTC included, will surge. Right now, everything is speculation. All we have to do is wait and see what happens.

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