Litecoin rises 5.9% to $58.08, tests resistance at $59.22
- —LTC +5.90% to $58.08, third consecutive day of gains
- —Volume $409.06 million, 38% above the 30-day average
- —RSI 68.8, MACD positive, price above 200-day SMA ($50.36)
- —Key resistance at $59.22, the 90-day high
Why it matters: A break above $59.22 on volume would open the way for further gains, but RSI is near overbought levels and the rally is being driven by short liquidations.
Source: DiarioBitcoin