Litecoin Stuck at Double-Wall Resistance

Litecoin (LTC) is currently trading at $54.42, above every significant moving average on its chart, including the 7-day, 20-day, 50-day, and 200-day SMAs.

The MACD histogram has zeroed out, indicating a dead stop in momentum that drove LTC out of the $47, $50 range. The RSI is at roughly 67, giving bulls some room before overbought conditions trigger distribution.

The Bollinger Band setup indicates that LTC is pressing directly against the upper band sitting at $56.02, which nearly overlaps with the $55.61 immediate resistance.