Litecoin (LTC) Manages To Hold On Above $50

Share Article
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.

  • promo

    Gravity Dex Protocol: Bringing DeFi to Cosmos

The Trust Project is an international consortium of news organizations building standards of transparency.
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
×

BeInCrypto Premium - Register for FREE now.

BeInCrypto Premium - Register for FREE now.

Upgrade to continue reading

Register Now!
Sponsored
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

Crypto predictions with the Best Telegram Signal with +70% accuracy!

Join now

Market signals, studies and analysis! Join our Telegram Today!

Go

Market signals, studies and analysis! Join our Telegram Today!

Go