Can LTC Break Current Ascending Triangle And Head Toward $50?

Litecoin saw a small 2% price increase over the past 24 hours as it reaches the upper boundary of an ascending triangle that it has been trading within over the past 2-weeks. It now faces strong resistance at around $41 which is provided by the upper boundary of the triangle.

Once the upper boundary is broken, the first level of resistance lies at $44. This is followed by support at the lower boundary of the triangle.

Timeline of Litecoin