Litecoin (LTC) Manages To Hold On Above $50

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In Brief
  • 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

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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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