Litecoin (LTC) Fights for Continuation of Bullish Trend

Share Article
In Brief
  • The main resistance & support levels for Litecoin are found at $64 and $49, respectively.

  • The price is following a short-term descending resistance line that coincides with the minor $56 resistance level.

  • The price is possibly in the fourth wave of a five-wave Elliott formation, expected to end between $46-$50.

  • promo

    Claim a $200 reward with 3 simple steps — only on Bybit!

The Trust Project is an international consortium of news organizations building standards of transparency.
The Litecoin (LTC) price has been correcting since a sharp rejection from $65 on Aug 2. Until the price is able to break out from the short-term resistance levels that we will outline below, LTC's movement is likely to be corrective. Litecoin Resistance and Support Levels On July 27, Litecoin was finally able to break out above the $49 area, which had been providing resistance since

BeInCrypto Premium - Register for FREE now.

BeInCrypto Premium - Register for FREE now.

Upgrade to continue reading

Register Now!
Share Article

Valdrin discovered cryptocurrencies while he was getting his MSc in Financial Markets from the Barcelona graduate school of Economics. Shortly after graduating, he began writing for several different cryptocurrency related websites as a freelancer before eventually taking on the role of BeInCrypto's Senior Analyst.

Follow Author

$200 reward waiting for you — Deposit, Trade, Follow and Claim today!


Limited offer! Learn to mine and trade crypto today for free