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Litecoin (LTC) needs support to rocket

Litecoin (LTC) currently trades at $40.89 and has grown by 1% today. is stuck between the 20-day EMA and the support at $35.8582. If the bulls can push the price above the 20-day EMA at $40.69, a retest of $43.67 is possible. A break above this will signal the start of a new uptrend. 

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Based on this information, investorsQ rates this stock 7 out of 10. We give it this rating based on current information. The first target objective is a rally to the 50-day SMA at $54.16, if reached the up move can extend to $63.8769.  The high forecast for Litecoin is $81.10 and the low is $59.9. Notably, the company’s market cap is $2,623,562,37 with a 52 week high of $145.88 and a 52 week low of $ 24.77.

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