The Litecoin (LTC) price bounced at a long-term ascending support trend line and is breaking out from a short-term bullish pattern.

Will Litecoin successfully break out and finally move toward $100, or will it fail to maintain the increase? Let’s find out.

Litecoin Bounces at Long-Term Support

The Litecoin price has increased alongside a long-term ascending support trend line since June 2022. The trend line has existed for 630 days. Starting in August 2023, the LTC price bounced at the trend line six times (green icons), some of them coinciding with a horizontal support area.

This week, the LTC price seemingly began an upward movement but trades only incrementally above the ascending support trend line.

Despite the lack of an upward movement, the Go to Source to See Full Article
Author: Valdrin Tahiri

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