-Litecoin has broken out from a descending resistance line.
-There is support and resistance at $49 and $63.50
-The price has possibly created a short-term double top.
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On July 25, the Litecoin (LTC) price broke out from a descending resistance line and has been increasing at an accelerated rate since.
This is a sign that the price has begun a bullish trend and could continue increasing towards the resistance areas outlined below.
The Litecoin price has been following a descending resistance line since April 30, when it reached a