Litecoin (LTC) finally seems to have reached its bottom against the US Dollar (USD) as the price has stabilized just above the historical resistance of $ 56. The 200 EMA acts as additional support to the price can be seen on the LTC/USD chart above. The RSI for Litecoin (LTC) has now reached a critical point as it has to break out next week, either to the upside or the downside. Demarker indicator for LTC/USD shows that the price has reached rock bottom on the weekly chart and is on the verge of a price reversal from here.
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