Litecoin {LTC} recovers as scheduled summit draws close, have you booked your tickets yet?

Fibo Quantum

Litecoin is ranked at #5 in the market to the north of EOS and Binance Coin. The price ascended at a rate of 1.93% in the course of the past 24-hours; this led to LTC reaching all the way up to $58.94 where it currently rests. The trading volume recorded stands at approximately $2.749 billion, while the supply has 63,436,104 LTC coins in play as part of the circulation. The total market cap of Litecoin amounts to $3.739 billion.

According to the candlestick chart linked to the LTC/USD pair on tradingview [based on data obtained from the Bitfinex Exchange], buyers are in control of this virtual currency’s performance for now. The daily RSI [for 14 periods] has recorded significant improvement and sits at 45. This points to Litecoin being well-within the neutral zone. From 7th October onwards, the MACD line began climbing above the signal line, which in turn caused the histogram to switch sides and change color [from red to green].

Post-29th September, every single peak erected tied to the Awesome Oscillator possessed the green shade. This indicates the rise of bullish pressure, which may help $LTC head towards $70 someday soon. Support lies near the $52.259 level, and resistance may be felt one Litecoin manages to sail beyond the $74.98 mark.

Litecoin’s developers and evangelists are working side-by-side to ensure “Silver 2.0” stays adjacent to the king coin.