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Litecoin, over the years, has become one of the fastest-growing crypto payment methods in the world. The credit for which goes to its investors.

Litecoin price analysis continues to show bullish signs, as the token continued to witness upward ascent past the 20 and 50-day moving averages over the past 24 hours. LTC bulls will be targeting the resistance point at $60 over the current uptrend that initiated on July 13, 2022.

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice Recent market-wide gains helped Litecoin [LTC] buyers reclaim the $53-level over the past 24 hours. As a result, the altcoin quickly jumped above the EMA ribbons to project strong buying momentum.

Shytoshi Kusama makes fun of Litecoin (LTC) in his tweet to Bloomberg Business

Bear markets and pessimistic investor attitudes are both common occurrences in the cryptocurrency market, just like they are in the stock market.

Litecoin price analysis reveals that the LTC/USD price is currently in a bullish trend as it rallies to break out at $51.70. However, the cryptocurrency is facing rejection at $52.45 as the bulls seem to be losing momentum.

The cryptocurrency world is currently in the middle of a bear market, and you will be hard-pressed to find a cryptocurrency that has not taken a hit in this period.

Litecoin price analysis shows that the coin is currently in a strong bullish trend as prices surged above the $50 mark. However, Litecoin prices are now facing rejection at $51.55.

The recent Litecoin price analysis shows that the market provides an edge to the bears by lowering the price to $48.2. This is a negative sign for the buyers, as the price remained under the bearish shadow in the previous weeks.

Litecoin (LTC) tried to rise in its chart, but the bears proved to be too strong.

Litecoin is trading in a positive zone above $48 against the US Dollar. LTC price is now trading below $50 and the 55 simple moving average (4-hours).

Litecoin attempted to rise on its chart, however, the bears were still strong on the chart. Although the coin showed some recovery, technical outlook pointed towards further decline.

Catch up on the latest crypto market news at The Currency Analytics. Litecoin expressed: “Litecoin is a truly decentralized network, there is no central authority that can freeze your money.

Litecoin (LTC) price is in a downtrend and resumed selling pressure after rejecting the high at $55. On July 9, bulls attempted to break above the 21-day line SMA but were rejected. Buyers would have pushed Litecoin to the high of $66.

The Litecoin price analysis shows the cryptocurrency is in bullish mode today, as the price has started to recover today after some stronger corrections observed till yesterday. LTC was in a downtrend for the last three days and lost significant value during this time.

Litecoin price analysis today is bearish as the cryptocurrency has slipped below $50 again. The LTC/USD pair had been following an ascending parallel channel for some time but failed to break out of it and instead dropped sharply.

The past two consecutive trading sessions had been strongly bearish for the Litecoin price, resulting in a 10 per cent drop.

Litecoin price analysis is highly bearish today, after yesterday's decline worsening over the past 24 hours to take LTC down to $50.33. LTC price faced an unexpected rejection at the $55 mark yesterday, as price looked set to test resistance at $60.

Grayscale removed 5 cryptocurrencies from its larger-cap fund at the end of the second quarter and the need to make adjustments on its trusts so let's read more today in our latest crypto news.

The ongoing consolidation in Litecoin(LTC) chart reflects a cup and handle pattern. Furthermore, the coin price is currently forming the handle portion of the pattern and leads the recovery rally to $60.88 neckline resistance.

With the end of Q2, Grayscale had to make some adjustments on a few of its Trusts, including the Larger Cap one.

Litecoin price analysis reveals that the coin is in a bullish trend and has made significant gains in the last 24 hours. The coin is currently trading at $54.55 and is facing rejection at $54.88, break above this level can result in prices testing the $57 level.

Since crypto and NFTs became mainstream, many projects have been released into the market. Most of these projects become irrelevant or die off within weeks of their launch date.

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. Bitcoin [BTC] was able to rise past the $20.7k resistance level but faced more selling pressure above the $22k mark.