LTC Consolidation May End With $60.8 Breakout

LTC Consolidation May End With $60.8 Breakout

Published 13 mins ago

The ongoing consolidation in Litecoin(LTC) chart reflects a cup and handle pattern. Furthermore, the coin price is currently forming the handle portion of the pattern and leads the recovery rally to $60.88 neckline resistance. A bullish breakout from this barrier should carry a directional rally.

Key points

  • The LTC price has surged 8% in the past five days 
  • The possible reversal from the $60.8 resistance may continue the range rally
  • The intraday trading…

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