- Litecoin price hovers just below a descending trend channel established in February 2022.
- Litecoin price shows fewer transactions amidst the current uptrend move than the previous decline.
- A breach above the $64 level could be the catalyst to a rally targeting the 2000-week moving aveage at $100,
Litecoin price could make a run for the 200-week moving average at $100. Still traders should wait for more confirmation or be subject to a smart money trap.
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