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Litecoin (LTC) price analysis: LTC/USD grows claustrophobic in a tight range

From fxstreet.com

Litecoin has been sitting in a narrow range since the end of September. At the time of writing, LTC/USD is changing hands at $54.85, the coin has gained about 1.5% on a day-to-day basis and stayed unchanged since the beginning of Monday. The 6th largest digital asset with the current market value of $3.4 billion bottomed at $50.39 on September 26 and has been moving sideways ever since. Litecoin’s daily trading volume has settled at $2.5 billion. Looking technically, LTC/USD created a top at $60.12 on October 9 only to retreat back inside the range limited by $58.00 on the upside and $53.00 on the downside. On the ... (full story)

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  • Category: Technical Analysis