In the past few sessions, there were mostly range moves in bitcoin, Ethereum, ripple, and litecoin against the US Dollar. Earlier, LTC price found support near the $45.00 zone and it settled below the 55 simple moving average (4-hours). Recently, bitcoin price climbed higher above $10,800, but litecoin is struggling to gain momentum. It is facing a strong resistance near the $49.70 and $50.00 levels. The 55 simple moving average (4-hours) is also near the $49.50 to act as a hurdle. More importantly, there is a major contracting triangle forming with resistance near $49.80 on the 4-hours chart of the LTC/USD pair. The ... (full story)