During the past few days, litecoin price traded in a broad range above the $29.80 support against the US dollar. The LTC/USD pair made a few attempts to clear the $33.00 resistance, but buyers failed to gain traction. Looking at the 4-hour chart, LTC price tested the $29.80 support level on a few occasions. The recent low was formed at $29.84 and the price is currently consolidating. An initial resistance is near $31.00 and the 23.6% Fib retracement level of the last decline from the $34.00 high to $29.84 low. The next resistance is near the $31.50 level and the 100 simple moving average (4-hour). Besides, the 50% ... (full story)