Litecoin prices could see some upward momentum soon as a bullish MACD crossover happened today. A MACD cross is when the blue line (12 day moving average) crosses the orange line (26 day moving average). Crossing above the orange line means the average price in the last 12 days is higher than the average price in the last 26 days, meaning price direction is starting to turn bullish. You can see back in mid-September when the blue line crossed under the orange line, which is a bearish signal, the price plummeted. Now the reverse is happening.
$59.50/$60.00 will be a resistance level to break for this bullish pattern to continue.
