Litecoin RangingLitecoin more often known as the silver to Bitcoin's gold has surged by more than 100% since its drop on March 12 , 2020.
Litecoin is trading at the consolidation marketplace in its Medium-term perspective as we could see from the daily chart. The pressure from the bears in the service in $45.79 on the 5th June is currently fixed today, by the bulls.
The response from the bulls pushes the cost up to around $47.32 in the resistance area.
LTCUSD is in trading and consolidation between $84.80 in the upper resistance region and at $24.53 at the decrease support region of the range. A breakout in the top supply area or breakdown in the lower place accompanied by a retest may occur hence patience is required to allow this to occur before a position is required.
Staying above $44.80 can lead to strong growth for LTCUSD.
• Overall market sentiment regarding the coin remains bullish.
LTC/USD Medium-term Trend: Ranging
• Resistance Levels : $70, $80, $90
• Support Levels: $20, $10, $5
