Litecoin Traders Face Dilemma Ahead Of Breakout, Will Price Rally To $60?

• LTC price breaks down into a descending triangle as price failed to break above resistance, holding price from trending higher. 
• LTC trades below 8 and 20-day Exponential Moving Average as the price struggles to regain bullish signs as the price continues ranging in a descending triangle. 
• LTC prices continue to range as prices aim for a breakout in either direction. 

The price of Litecoin (LTC) continues to struggle as price ranges in an attempt to rekindle its bullish movement against tether (USDT). Litecoin (LTC) and other crypto assets enjoyed a relief bounce in previous weeks that saw the crypto market cap looking good for cryptocurrencies across the industry, with many producing double-digit gains; LTC showed some relief bounces but was quickly rejected into a range price movement. (Data from Bi