Summary
TLDR: Litecoin’s price is trading above long-term support but within a short-term bearish pattern. Analysts are positive about LTC’s future trend, but the daily chart leans bearish. If LTC breaks below the channel, it could fall 15% to $58, but if it breaks above, it could increase by 16% to $80.
Key Points
1. Litecoin’s price trades above a long-term diagonal support level but inside a short-term bearish pattern.
2. The LTC price has traded devoid of significant volatility for nearly a year. How long will this trend continue?
3. The LTC price trades above a long-term horizontal support area.