LTC is very stable, and that’s why it is still considered to be great hedge asset.
In contrast to previous weeks, this one has seen both support and resistance levels change.
Volatility is not high in comparison to other assets.
Buys in LTC are connected to BTC price hike. People are reinvesting in a more profitable asset.
Resistance zone around $48 - $49.
Support zone is in the $38 area.
Despite the stable uptrend, a $38 - $49 range has remained for several weeks now. No essential news, and the strong BTC price rise may influence LTC in the coming weeks. Currently, trading in the range is the best strategy.