Litecoin price news: Is Litecoin price tide turning? Why is LTC rising today?

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Litecoin emerges from a turgid week of crypto-trading as a winner, finding itself a 3.56 percent boost this morning.

Trading is currently at $124.22 as of writing, marking a bullish trend over recent charts.

In the daily chart, the price of Litecoin is in the range-bound movement. Prices fell from $117 to its low at $110 and rose again to $116 before commencing its range bound movement.

The RSI period 14 is level 46 which indicates that the price is in the range-bound zone.

LTC is likely to consolidate at $120 before its eventual breakout in favor of the bulls.