Litecoin has seen a decent price surge over the previous 24 hours, which totals over 15% – bringing the LTC price to rise back above the $115 resistance level, facing the $120. The cryptocurrency had experienced a sharp price fall at the start of June 2019 but has since recovered and is climbing back toward the 2019 high around $120.





The recent price increase has sent Litecoin to the 4th place in the top market cap rankings, as it currently holds a $7.12 billion market cap value.





Looking at the LTC/USD 1-Day Chart:





The nearest level of resistance now lies at $120, which is resistance provided by the long term bearish .618 Fibonacci Retracement level. Further higher resistance lies at $122, $130, $136, $140, and $145.76 where lies the bearish .786 Fibonacci Retracement level.From below: The nearest level of support now lies at $109.77, $101.96 and $100. Beneath $100, further support lies at $97.18 and $87.81.The trading volume has started to increase over the past couple of days slowly.The Stochastic RSI oscillator is in oversold conditions as we wait for a bullish crossover signal to send the coin higher.

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