Litecoin (CRYPTO:LTC) is buying and selling greater Monday however the rally might finish quickly. It is getting near a resistance stage.

Resistance is a big focus of sellers gathered on the identical worth. At resistance ranges, there’s extra provide than demand. That’s why rallies finish once they attain them.

On April 16, LTC hit resistance on the $310 stage and a sell-off adopted. If LTC will get to $310 once more, there’s an excellent likelihood it runs right into a wall of sellers as soon as extra. This might put a halt to the rally.

ltc_3.png

© 2021 Benzinga.com. Benzinga doesn’t present funding recommendation. All rights
reserved.


Source link