Litecoin Could Follow In Ethereum’s Footsteps With a Sharp Increase

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In Brief
  • -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. Litecoin's Breakout The Litecoin price has been following a descending resistance line since April 30, when it reached a
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Valdrin is a cryptocurrency enthusiast and financial trader. After obtaining a masters degree in Financial Markets at the Barcelona Graduate School of Economics he began working at the Ministry of Economic Development in his native country of Kosovo. In 2019, he decided to focus full-time on cryptocurrencies and trading.

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