Litecoin (LTC) managed to reach a new all-time high price of $417 on May 10.
While it has decreased since, it is still trading above long-term support, trying to initiate a bounce.
Cryptocurrency trader @altcoinsherpa noted that despite the drop, LTC is still trading above a long-term support level at $270. The support area aligns with that which we have outlined.
For BeInCrypto’s latest bitcoin (BTC) analysis, click here.
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