Litecoin Marks an Intraday Bullish Move; Trades Around an Imminent Price Area at $42

Litecoin seems to be moving towards its first bullish target at $49

Litecoin currently trades at $42.86 and is hitting the upper Bollinger Band laid on a 4-hourly chart. The current trading price is a result of a positive intraday move. If it continues to gain momentum, LTC price is expected to rise above the ultimate support/resistance area.