LTC short-term ambitious traders looking for profits can target $49-$50 range

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer's opinion. Litecoin LTC surged to $66 last week but faced a brutal rejection above the range highs.

Timeline of Litecoin

Litecoin (LTC) price is in a downtrend as it falls back to the low of $52 and resumes consolidation above it. The cryptocurrency has declined as buyers were unable to break through the resistance at $64 on September 10.

Litecoin price analysis shows rising signs as the market shows massive upside risks. The market for LTC price was worse from yesterday's open as the price dipped to lows of $50.47.

Litecoin price analysis is bearish as LTC/USD depreciates to the $58.08 mark after a bearish run. The bears have taken over the price charts once again and have pushed the prices below the $58 mark.

The Litecoin price analysis shows a bearish trend for today. The bears have taken over the price charts once again and have reduced the price level to 55.58, as market sentiment is bearish towards LTC/USD.

Recent Litecoin price analysis shows that the LTC/USD pair is currently in a bullish trend. The market has seen strong selling pressure, which has caused the prices to fall to $58.72.

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Today Litecoin price analysis shows that the LTC/USD pair has lost tremendous value and is down by over 6.11% in the last 24 hours. Litecoin price analysis shows that the LTC/USD pair is currently facing strong resistance at $67.07.

Litecoin rose to a three-month high in today's session, following a breakout of a key resistance level. The move took place prior to the release of U.S. inflation data, which fell to 8.3% in August. However, following the release, which was higher than expected, earlier gains eased.

Litecoin (LTC) has held up well during the ongoing Bitcoin (BTC) price decrease but has yet to break out from a crucial horizontal resistance area. The post Litecoin (LTC) May Confirm Bullish Reversal With Breakout Above Resistance appeared first on BeInCrypto.

A rising parallel channel pattern governs the ongoing recovery in LTC/USDT pair. The recent bull cycle within this pattern was initiated when the coin price rebounded from the shared support of $52.7 and ascending trendline.