Most altcoins have recovered well over the past few weeks on the back of Bitcoin’s push above $50k. Litecoin, the cryptocurrency ranked 16th by market cap, also appreciated on the charts, noting gains of 38% gains in August alone.
While there has been a strong historical correlation between Litecoin’s price trajectory and the king coin’s movement, this Litecoin rally seems to have different potential.
Exciting price action
On the daily chart, Litecoin faced a major resistance at…
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