Altcoin Update: LTC Analysis LTC is up over 11.3% in the pa | MYC Signals

Altcoin Update: LTC Analysis

LTC is up over 11.3% in the past two days breaking above the 200 MA on the 4-hour chart after almost a month. This was primarily driven by the integration with the lightning network, and the announcement of the first transaction on the layer 2 network.

And with the upcoming Litecoin halving on August 2, we’re bullish on LTC in the medium term, with our entry above this month’s resistance (above the 50-day MA). On the downside, a drop back below the 200 MA on the 4-hour chart could push it toward its 2-month lows.

These are our key levels

R1 90.5
R2 95.5
R3 102

S1 86.0
S2 80.5
S3 75.5

https://www.tradingview.com/x/yjBNnctc/