Litecoin price in the last 24-hours is turning downside-ish a bit for a start of the week on Monday, as it hovers around $53.
The Gaining moment that took place yesterday did continue for an increase of around $40 making it possible to trade at $344.46 against the USD. Major resistance points were taken down at around $304 and $308 levels.
With the surge in the bullish channel for Ethereum, hoisted the price over the major $335 resistance. For some time it fluctuated around the $344 but to upside pace and close to the $349 psychological resistance it did experience little corrections which was followed with finding support at $343 by the buying pressure while moving to the 23.6% Fib retracement level since the last flow ($324.05-$349.05).
Despite any technical analysis or possible-outcome idea, the control of the market right now is on the hands of the news-drifted momentum.
Ethereum range bound for some time now with no major movement. However, a setup is formed for more gain in the upcoming day.
ETH/USD is trying to take on resistances for a recovery attempt. Buying pressure is leading Ethereum price upwards but the gain momentum will come if the barriers are cleared.