Litecoin has broken out from a 889 day descending resistance line.
There is support at $47.50 and $41.50
LTC/BTC is struggling to break out above ₿0.0057.
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The Litecoin (LTC) price has broken out from a long-term resistance line and validated it as support afterward. It's not yet clear if LTC will continue moving upwards. However, as long as it's trading above the two support levels outlined below, the possibility for continuation remains high. Long-Term Breakout At the beginning of July, the LTC price broke out from a descending