LTC/USD

Litecoin has been trading about $ 58 in the last six days. The moving averages are flat and the RSI is just below the midpoint.

The LTC / USD pair has been consolidating in a wide range of $ 49,466- $ 69,279 since August 8. A break in the resistance above is likely to start a new bull trend that can quickly bring prices to the resistance zone of $ 90- $ 94.

If the digital currency breaks below the range, it will resume its downward trend and may fall to the lows of the new year to date. Therefore, operators should wait for the range break before starting any long position.