Litecoin: Surges 17% to 8-Month High

Litecoin jumps 17.19% to $71, posting an 8-month high on the session.

Price now probes the upper Bollinger Band at $72.42 while RSI(14) sits at 66.12 in neutral territory and the MACD golden cross at 3.13 keeps the trend bullish above the EMA50 support of $60.88 and EMA200 floor of $54.17; traders modeling LTC price prediction therefore watch for a quick retest of the 50-EMA before any extension toward fresh highs, with LTC technical analysis showing contained volatility inside the bands rather than exhaustion.