Litecoin price manages to stay above $50 but bears retain most of the influence. A newly formed supply zone at $55 – $56 hinders growth towards the critical $60. Spot rate: $53.45 Relative change: -0.025631 Percentage change: -0.04% Trend: Bearish Volatility: High LTC/USD daily chart The forming rectangle pattern suggests two scenarios for Litecoin’s next move. A break above the pattern resistance at $60 will catapult towards $80 and $100 respectively. However, the break of the pattern support at $50 could see LTC/USD refresh levels around $230. LTC/USD 240-minutes chart Litecoin’s upward movement hindered by the descending trendline resistance, the 50 Simple Moving Average (SMA) and the 100 SMA. $50 -$52 zone continues to function as key support. LTC/USD 60-mins chart Litecoin is trading below the short-term trendline support after the resistance at $55 – $56 became too unbearable for the bulls to bare. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Crypto News share Read Next Cryptocurrencies price prediction: Bitcoin, Litecoin & Ethereum – Asian Wrap 23 Oct FX Street 3 years Litecoin price manages to stay above $50 but bears retain most of the influence. A newly formed supply zone at $55 - $56 hinders growth towards the critical $60. Spot rate: $53.45 Relative change: -0.025631 Percentage change: -0.04% Trend: Bearish Volatility: High LTC/USD daily chart The forming rectangle pattern suggests two scenarios for Litecoin's next move. A break above the pattern resistance at $60 will catapult towards $80 and $100 respectively. However, the break of the pattern support at $50 could see LTC/USD refresh levels around $230. LTC/USD 240-minutes chart Litecoin's upward movement hindered by the descending trendline resistance, the… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
