Litecoin price analysis reveals that the cryptocurrency is currently in a bearish trend after a strong sell-off. LTC prices are down by almost 7% in the last 24 hours and are currently trading at the $49.98 mark. The cryptocurrency had earlier found support at $49.67 but was unable to sustain the prices and witnessed a sell-off. The LTC/USD pair is currently facing resistance at $50.85 and a break above this level would result in a move to $51.50.
The Litecoin market has been quite volatile…
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