TL;DR Breakdown
- Litecoin price analysis suggests an upwards movement to $55
- The closest support level lies at $50.61
- LTC faces resistance at the $52.00 mark.
The Litecoin price analysis shows that LTC finds support at the $50.00 level and has started to climb back towards the $55.00 mark. Currently, the bearish pressure is decreasing across the short term as the buyers gain momentum.
The broader cryptocurrency market observed a bullish market sentiment over the last 24 hours as most major…
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