Litecoin [LTC] bulls have shown signs of weakness near the $60 price range where it has been facing resistance during its recovery phase.
However, the cryptocurrency has managed to avoid a sizable retracement by maintaining its momentum above its 50-day moving average.
Litecoin has managed to stay above the 50-day moving average for almost 10 days. At press time, the token stood at $59.85 up by 1.39% from the day’s opening price.
The Relative Strength Index (RSI) too moved towards the…
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