Litecoin Price Nears $75 Amid Golden Cross and Rising Momentum
Litecoin's price has surged past $74 after breaking through the $64-$65 resistance area, and traders are now eyeing a golden cross that could signal further gains.
The daily chart shows the 50-day moving average crossing above the 200-day average near $51, a bullish sign known as a golden cross. However, both averages remain far below the current price, raising questions about whether buyers can hold the breakout and push through $75.
On the 4-hour chart, Litecoin has cleared several key price levels, including the $65.63 trading-range boundary and the $71.88 pivot point. The next resistance level is at $78.13, but traders will need to defend the levels they've cleared during the rise if they want to reach it.
CoinGlass's three-day liquidation heatmap shows potential liquidation leverage near $75-$77, which could put pressure on short positions if Litecoin rises into those areas.