Litecoin price is slowly gaining upside momentum above $115 against the US Dollar. LTC/USD has to move above the $125 resistance to rise further in the near term.
Key Talking Points
Litecoin price is trading nicely above the $115 level (Data feed of Kraken) against the US Dollar.
There is a key connecting bullish trend line forming with current support at $120 on the hourly chart of the LTC/USD pair.
The pair may continue to trade higher if it succeeds in breaking a major hurdle near the $125 level.
Litecoin Price Forecast
After a major decline towards $110, litecoin price against the US dollar. The LTC/USD pair traded higher and broke a key resistance level near $115.
During the upside move, the price broke the 50% Fib retracement level of the last decline from the $135 swing high to $109 low. It opened the doors for more gains and the price was able to move above the $120 resistance.
There was even a close above the $120 level and the 100 hourly simple moving average. However, the price is currently struggling to break a major resistance zone near $125. The stated $125 level acted as a barrier for buyers on many occasions, and a break above $125-130 won’t be easy.
On the downside, an initial support is around the 23.6% Fib retracement level of the last wave from the $109.62 low to $125.50 high. Moreover, there is a key connecting bullish trend line forming with current support at $120 on the hourly chart of the LTC/USD pair.
A break below the trend line support at $120 may call for a downside move towards the 100 hourly SMA near $117. The mentioned $117 support also coincides with the 50% Fib retracement level of the last wave from the $109.62 low to $125.50 high.
The overall price action is positive above the $117 level. However, litecoin price must break the $125 level for more gains in the near term.
Trade safe traders and do not overtrade!
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We call on the collaboration of the Bitcointalk community. Will you help us?
Signature/Avatar campaign
Bounties for AssetFun signature are ready to be distributed. From April 2nd to April 30th there are exactly 4 weeks to spread AssetFun’s message in Bitcointalk.
To help us, we are proposing the possibility of your being an ambassador to our project.
All you need to do is add our official signatures and avatar to your Bitcointalk profile.
Total reserved for campaign: 20,000 AFTs
Period: 04/02/2018–04/30/2018 (4 weeks)
Campaign structure: Weekly basis
– Signature for Full member: 5 stakes per week.
– Signature for Sr. Member, Hero or Legendary: 10 stakes per week.
– Without an avatar, you will receive2 stakes.
33 AFT per stake
Rules:
Minimum range of membership must be Full Members
Users must have published 12 accepted posts per week
Spamming posts won’t be accepted
We will randomly check user activity of those who joined this campaign in order to ensure that our message is being spread in an effective and positive way.
If you’d like to join this campaign please fill in the form available in:
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All AFT will be distributed within 15 days after the campaign.
Confirmed participants in this campaign will be published in:
You could find in this section the information about how to get your AFTs.
Avatar:
Signatures:
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Get bounty for helping spread the Signature/Avatar campaign
AssetFun signature campaign will be on 04/02/2018–04/30/2018 (4 weeks)
Total reserved for campaign: 3000 AFT
Reserved AFT will be distributed among all the participants by achievement.
The bounty will be closed on Apr 30th.
Requirements to participate and get the reward:
1- Have a Twitter or Facebook account with followers more than 100.
2- Fill in a smart action of participation in:
Confirmed participants in this campaign will be published in:
This is just a sample, if this repeats more than twice in the complete bounty will not be calculated. You will not earn any AFT for repeated posts.
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On April 30th we will check the participation and distribute their AFT. On May 4th you could request your AFT with a “smart action” in Get AFT.
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