Litecoin Price Analysis: LTC/USD Likely To Break Downtrend Resis
Litecoin price is struggling to clear the $58.00-60.00 resistance against the US Dollar. LTC/USD is likely to break the downtrend resistance for more gains towards $65.00.
Key Talking Points
Litecoin price is still holding the $560.00 support area with bearish moves (Data feed of Kraken) against the US Dollar.
This week’s followed crucial bearish trend line is still in place with current resistance at $59.00 on the hourly chart of the LTC/USD pair.
LTC price is likely to break the downtrend resistance at $59.00 and $60.00 for an upward move.
Litecoin Price Forecast
During the past few sessions, there were mostly bearish moves below $60.00 in litecoin price against the US dollar. The LTC/USD pair struggled a lot to break the $59.00 and $60.00 resistance levels.
Key Talking Points
Litecoin price is still holding the $560.00 support area with bearish moves (Data feed of Kraken) against the US Dollar.
This week’s followed crucial bearish trend line is still in place with current resistance at $59.00 on the hourly chart of the LTC/USD pair.
LTC price is likely to break the downtrend resistance at $59.00 and $60.00 for an upward move.
Litecoin Price Forecast
During the past few sessions, there were mostly bearish moves below $60.00 in litecoin price against the US dollar. The LTC/USD pair struggled a lot to break the $59.00 and $60.00 resistance levels.