Litecoin Forms Uptrend Signal as Price Continues to Retest the $48 Resistance Zo

[Galaxy]

Following its recovery above $39 low, Litecoin rebounded to reach the $47 high. The upward move has been hindered at the $48 resistance zone.

The coin is in a sideways move between $45 and $48 in the last 48 hours. On the upside, a strong bounce above $46 will propel price to break the resistance at $48 and $51.

Litecoin will be trading in the bull market if the bulls are successful. The coin is likely to have upward price acceleration above the $51 support. This will catapult the coin to reach a high of $63. However, if the bulls fail to clear the resistance levels, the price fluctuations will continue in the current price range. Otherwise, another breakdown will compel the coin to reach a low of $41.
Info Link: https://coinidol.com/litecoin-forms-uptrend-signal/