- Litecoin price is trading inside a descending triangle pattern on the 12-hour chart.
- Climbing above $160 decisively can quickly drive LTC towards $200.
- LTC faces really weak resistance on the way up as bulls hold the momentum.
Litecoin price had a significant 7% surge in the past several hours thanks to Bitcoin’s new all-time high at $45,000 after Tesla announced the purchase of $1.5 billion worth of Bitcoin and potentially other digital assets in the future.
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