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  • Litecoin price hovers around $35 as stability takes center stage in the cryptocurrency market.
  • The Bollinger Band lower curve holds strongly as support above $30.
  • A possible triangle breakout still lags but targets levels at $40 towards $60.

Spot rate: $34.47

Relative change: 0.2382

Percentage change: 0.72%

Trend: Bearish

Volatility: High

Litecoin daily chart

LTC/USD price chart

Intriguingly, volatility remains high amid stability not just for Litecoin but the entire cryptocurrency market.

Buyers are doing their best to create and embrace the balance between $30 and $35. This will allow them to channel their journey towards breaking the resistance levels at $40 and $60 respectively.

The MACD shows that bearish pressure cannot be ignored as its influence is still apparent especially with the indicator featuring a bearish divergence.

LTC/USD 1-hour chart

LTC/USD price chart

The RSI exhibits the same signs of stability which could last throughout the Asian session and even the European session unless technical levels make a drastic change.

The 50 SMA is offering immediate support while the 100 SMA is standing in the line of growth slightly above the market value ($34.47).

A tentative breakout from the formed symmetrical triangle breakout could eventually blast Litecoin price into the trajectory targeting $40 and $60 resistance zones.