Litecoin (LTC): What's next for price? Crypto analyst shares insight $LTC LTC
Over the weekend, on-chain analytics firm Santiment warned of a local top formation for LTC as social volume rose.On June 30, the price of LTC skyrocketed as it printed a massive green candlestick. The surge continued, reaching highs of $114.98 at the time of writing. The token is up nearly 27% in the last seven days.
Litecoin is presently trading at $110, up a little in the last 24 hours. The daily RSI is currently above the 70 overbought levels, suggesting that bulls may take a little breather before continuing the rise.Litecoin has formed a golden cross, as shown on the daily chart. A golden cross occurs when the moving average 50 rises above the daily moving average 200 and is commonly seen as a positive indication.
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