LTC Price Analysis: LTC/USD Rallies With Other Altcoins, Litecoin Founder Charlie Lee Push Privacy and Fungibility to Bolster Adoption


*The silver crypto reported a decrease of 2.80% over 24 hours
*Awaiting Volatility LTC/USD rallies with other Altcoins
*Litecoin Founder Charlie Lee is promoting privacy and fungibility to making the coin the choice cryptocurrency for transactions

LTC/USD has declined from $39.25 to $37.53 levels and is narrowly hovering beyond the triangle base’s ascending trendline. This preceded a marginally positive prior session where the price rose to $39.41 from $38.38 levels. The MA 200 crossed the MA 50 to map the strongly bearish sequence of the death cross. Unless the bullish sentiment was to maintain that, therefore, the price of Litecoin may eventually reach the level of resistance at $50.63 mark. There are two more key LTC/USD barriers at levels of $56 and $64.

The unclear pattern posed by LTC/USD is best reflected in its time frame of 4 hours. Inside this time frame, its volatility has been constrained by a symmetrical triangle. This technical pattern depicts market participants’ indecision until an asset’s price is allowed to push in either a positive or a negative path.

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