Litecoin range-bound… and going nowhere fast

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Litecoin range-bound… and going nowhere fastLitecoin / TetherUSBINANCE:LTCUSDTDukesMarketAnalysis2.5 month consolidation holding firm Litecoin remains stuck between ~$50 and ~$59, with price repeatedly respecting both boundaries — no real expansion yet Rejection from range highs persists Multiple attempts to break above ~$59 have failed, showing supply still firmly in control at the top of the range Momentum flatlining RSI hovering around 50 and Stoch RSI rolling over suggests a lack of directional conviction — typical range conditions Bias still bearish The prior move into this range was down, which statistically leans towards continuation lower unless a clean breakout occurs In Summary Litecoin continues to trade within a well-defined range between ~$50 and ~$59, showing no clear directional bias in the short term. Repeated rejections at the highs highlight strong resistance, while support continues to hold below. Momentum indicators reflect indecision, with RSI stuck around mid-range levels. Given the prior move was bearish, the probability still favours a downside break. Until price can convincingly escape this range, consolidation remains the dominant theme.