The post Litecoin Range Signals Potential Breakout appeared on BitcoinEthereumNews.com.

Litecoin trades near $54 in a tight range as traders watch a $53–$40 accumulation zone for a potential breakout move ahead. Litecoin traded near $54 on the daily chart as traders tracked a possible base after months of losses. Market focus returned after online commentary pointed to an accumulation zone between $53 and $40. The chart still showed a broader downtrend, yet recent price action suggested selling pressure had slowed. That mix placed Litecoin back on watchlists as traders waited for a clear breakout or breakdown. Litecoin Holds a Narrow Daily Range  Litecoin Price moved mostly between $52 and $58 after a sharp drop in early February. That range followed a fast selloff from higher levels seen late last year. As a result, Litecoin stopped falling quickly, but it did not enter a clear uptrend. Instead, the market formed a sideways pattern that looked more like consolidation than recovery. Support sat near $53 and $52, while $50 remained an important lower level. Meanwhile, resistance stayed around $55 and $56, with stronger pressure near $58 to $60. Those levels kept price boxed inside a narrow band and delayed a firm trend signal. Because of that, short-term traders focused on daily closes rather than intraday moves. The daily structure still leaned bearish because Litecoin remained below earlier swing highs. However, the long lower wick from February showed buyers responded after panic selling. That reaction hinted at demand, and it helped steady prices near current support. For now, the chart suggested stabilization, but not a confirmed reversal. Accumulation Claims Bring Litecoin Back Into Focus A widely shared post said Litecoin had entered a new accumulation zone between $53 and $40. The post compared current trading with the 2018 to 2020 period near cycle lows. It also said a broken support line could be…

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Filed under: News - @ March 29, 2026 5:22 am