- Litecoin price remains largely lethargic and pivotal at $55 as market indecision takes center stage.
- Technical levels are neither positive nor negative for Litecoin and a breakout to either side is possible.
Spot rate: $55.18
Relative change: $0.3734
Percentage change: 0.74%
Open: $55.78
Low: High: 56.52
Trend: Generally bullish
LTC/USD daily chart
Litecoin bullish recovery momentum halted within a narrow range between $50 and $60.
Technical indicators still display oversold conditions despite a shallow recovery from last week’s low around $0.50.14.
LTC/USD 240′ chart
Litecoin price remains pivotal at $55 amid market indecision.
The range between $50 and $55 stands out as credible support likely to give way for gains above $60 in the coming sessions.
LTC/USD one-hour chart
Litecoin price trading between the moving average support and resistance where the 50 simple moving average hampers growth while the 100 SMA provides support at $55.