Litecoin Price Analysis – LTC/USD Is Heading Towards Its Previous Range Bound Area Prediction

Litecoin price dipped to the lows of $53.70 but regained control and climbed a little by a little up. However, LTC/USD has lost its footing and now is returning to its very long running range area.

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Litecoin after reaching its all-time high back in Sep 2 and crashing to the lows of $30.00 did enter a range bounding zone for more than a month with no interest of trading whatsoever [between $57.00 and $45.00]. On Oct 12 a game changer came to place as the value broke above and bulls hoisted it up.

 

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