Litecoin technical analysis: LTC/USD bullish and bearish short-term scenarios

Litecoin technical analysis: LTC/USD bullish and bearish short-term scenarios

Litecoin price manages to stay above $50 but bears retain most of the influence. A newly formed supply zone at $55 – $56 hinders growth towards the critical $60. Spot rate: $53.45 Relative change: -0.025631 Percentage change: -0.04% Trend: Bearish Volatility: High The forming rectangle pattern suggests two scenarios for Litecoin’s next move.