LTC price breaks down into a descending triangle as price failed to break above resistance, holding price from trending higher. LTC trades below 8 and 20-day Exponential Moving Average as the price struggles to regain bullish signs as the price continues ranging in a descending triangle. LTC prices continue to range as prices aim for a breakout in either direction. The price of Litecoin (LTC) continues to struggle as price ranges in an attempt to rekindle its bullish movement against tether (USDT). Litecoin (LTC) and other crypto assets enjoyed a relief bounce in previous weeks that saw the crypto market cap looking good for cryptocurrencies across the industry, with many producing double-digit gains; LTC showed some relief bounces but was quickly rejected into a range price movement. (Data from Binance) Related Reading: This Expert Suggests How Ripple Price Will Trend Amid Expansion In Europe Litecoin (LTC) Price Analysis On The Weekly Chart Despite having a tough time in recent months with the price falling to a low of $40 due to the market condition as the crypto market has remained in a bear market for over six months now, leading to many crypto assets retesting their weekly low while others are just hanging on key support. After the price of LTC rallied to a high of $300, the price declined as it dropped to a weekly low of $40, where the price held strong after forming support, and this region looked like a demand zone fo...
