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- The price of Litecoin was seen taking substantially flat trading in the central part of Monday's session.
- LTC / USD managed to get an offer, after being initially firmly on the back foot at the start of Monday.
- At the moment, any bulls movement is struggling to sustain bullish momentum, short-term resistance to strong.
The price of Litecoin until mid-Monday was traded substantially flat, after starting the day initially under selling pressure. LTC / USD managing to find buyers in the region at half $ 50, a known purchase area.
The LTC / USD bullish momentum continues to be unsustainable for now, as the price falls once again in the short-term supply area. During the session on Sunday, November 12, an upturn was seen, with a record in the region of $ 51, but sellers have been busy sending the price to the south.
Technically, the bulls must overcome the mentioned resistance, seen from within the $ 51 region. In the event of a breach, they could open the door for a quick return to the $ 55 territory. The price has been seen last time on 7 November. A violation of support seen in the $ 50 psychological area could see a quick move south, back to $ 47, a double-bottomed area on October 29 and 31.
Chart 60 minutes LTC / USD
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