The Litecoin price is trading inside a long-term symmetrical triangle.
The price has created a short-term double-bottom alongside a descending support line.
There is support at $40 and resistances at $47, $55, and $61.50.
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The Litecoin price has been trading inside a massive symmetrical triangle since April 16. The price is expected to eventually break out from this triangle and move towards long-term resistance levels. The Litecoin price has been increasing since March 13. However, in the period from April 16, it has been trading inside a symmetrical triangle. While the symmetrical triangle is often