We Keep Accumulating Pips in Litecoin, As It Pushes Up to New Highs Today - Forex News by FX Leaders
Litecoin is not looking back now

We Keep Accumulating Pips in Litecoin, As It Pushes Up to New Highs Today

Posted Wednesday, May 5, 2021 by
Skerdian Meta • 1 min read

Cryptocurrencies have been extremely bullish this year, as they keep pushing to new highs avery month or so. At the moment, most of the crypto market is down compared to last month’s highs, with BITCOIN trading $10,000 below April’s high.

Some cryptocurrencies though continues to remain extremely bullish, with ETHEREUM pushing above $3,500 last week. Litecoin is another cryptocurrency which has been xtremely bullish in the last two weeks and particularly in the last few days.

Litecoin Live Chart

LTC/USD

LTC/USD finds itself nearly $150 higher compared to 2 weeks ago. The 200 SMA (purple) held well as support during the deep pullback last month, while the 20 SMA (gray) has been providing support on the H4 chart since then, pushing the price higher. Today, buyers broke above last month’s high and the price approached $350. SO the bullish momentum continues here and we are more than $10,000 pips in profit on this crypto now.

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About the author

Skerdian Meta // Lead Analyst
Skerdian Meta Lead Analyst. Skerdian is a professional Forex trader and a market analyst. He has been actively engaged in market analysis for the past 11 years. Before becoming our head analyst, Skerdian served as a trader and market analyst in Saxo Bank's local branch, Aksioner. Skerdian specialized in experimenting with developing models and hands-on trading. Skerdian has a masters degree in finance and investment.
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