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LTC’s Price Has Broken Out of a 2-Month Consolidation Channel

Published 01/21/2023, 05:10 PM
Updated 01/21/2023, 05:15 PM
LTC’s Price Has Broken Out of a 2-Month Consolidation Channel

  • LTC’s price has risen 8.71% over the last 24 hours.
  • The altcoin’s price has broken out of a 2-month long consolidation channel.
  • The next obstacle that LTC’s price will have to overcome is the 20-month EMA line.

The last 24 hours has seen almost all of the prices in the crypto market print gains following a recovery attempt after the news of Genesis filing for bankruptcy sent shockwaves in the already-cripple crypto market.

One crypto that experienced a 24-hour gain is Litecoin (LTC), according to CoinMarketCap. At press time, LTC’s price is up 8.71% and is trading at $90.55. LTC’s price has also strengthened against the two crypto market leaders, Bitcoin (BTC) and Ethereum (ETH), by 0.58% and 1.49% respectively.

The post LTC’s Price Has Broken Out of a 2-Month Consolidation Channel appeared first on Coin Edition.

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