• Litecoin has broken out from a descending wedge.
  • There is minor resistance at ₿0.00492 and major resistance at ₿0.0055.
  • The price has created a long-term double-bottom.
On June 25, the Litecoin (LTC) price broke out from a descending wedge. After retracing for a week, the price began an upward movement that is still ongoing. The Litecoin price had been trading inside a descending wedge since June 1. The price broke out from the wedge on June 25 amid a bullish engulfing candlestick. However, the price decreased considerably the next day. Litecoin
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Valdrin Tahiri

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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