Litecoin (LTC) has struggled against Tether (USDT) as bulls continue to push the price above the key support region, forming a bullish chart pattern. Bitcoin’s (BTC) price has shown less steam compared to recent times; this has affected most crypto assets, including the price of Litecoin (LTC). (Data from Binance) Related Reading: Lightning Speed: 5 Ways To Make Money/ Earn Sats Using The Lightning Network Litecoin (LTC) Price Analysis On The Weekly Chart Litecoin (LTC) price has shown so much strength after hitting a low of $42; the price bounced off from this region and rallied to $55. The price of LTC rallied to a high of $65 but was rejected as this proved to be a resistance for LTC on the weekly chart. LTC price dropped to a region of $50, forming weekly support to hold off the price from selling off. The price of LTC has continued to hold above support and build momentum to break above this region. The price of LTC is currently trading below its resistance, stopping the price from trending higher. If the LTC price cannot break past this resistance of $57, we could see the price revisiting the support region at $50, acting as a demand zone for most investors. Weekly resistance for the price of LTC – $57. Weekly support for the price of LTC – $50. Price Analysis Of BTC On The Daily (1D) Chart After falling from a high of $400, the price of LTC on the daily timeframe has formed an ascending triangle indica...
