Litecoin Update - Rose 32% Yesterday And Volume Is Really Picking Up (Video)

Litecoin is still going strong after yesterdays monster rally where we were up 35% at most. Here is the daily chart:

Comment: From this chart, we can see that we closed yesterday at 211 and that the daily volume was higher than the bottom day when Litecoin touched 106 so that is a very bullish sign.

The volume for Thursday has also picked up and today we have already touched the next resistance level around 235-240 and we have pulled back a little afterwards, but we were up 12% earlier today and we are right now up 5% at 220.

Lets finish here with a look at the hourly chart:

Comment: Here we can see that we have a new short term trendline to penetrate. If we can do that today, I think we can continue to go higher but otherwise, we will probably take a little breather here and we might go back to 210 again to gain some additional strength.

Happy trading!