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Litecoin (LTC) Price Analysis: Approaching Next Crucial Break | Live Bitcoin News

Litecoin price is slowly recovering and trading above the $36.50 support against the US Dollar.LTC price is facing a strong resistance near the $41.00 area.There is a major contracting triangle forming with resistance near $40.50 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase).The pair could either start a strong rally above $41.00 or it might dive towards $32.50.Litecoin price is likely preparing for the next major move against the US Dollar, similar to bitcoin. LTC price might start a strong rally if it clears the $41.00 resistance area.Litecoin Price AnalysisIn the past few days, there was a decent recovery in bitcoin, Ethereum, ripple, and litecoin against the US Dollar. Earlier, LTC price formed a support base above $32.52 and recently started an upside correctio...