Litecoin price started a fresh decline from the $80 resistance against the US Dollar. LTC is struggling and remains at a risk of more losses towards the $55 support.
Litecoin started a fresh decline from the $85 resistance against the US Dollar.
The price is now trading below $70 and the 100 simple moving average (4-hours).
There was a break below a key contracting triangle with support near $75.00 on the 4-hours chart of the LTC/USD pair (data feed from Kraken).
The price could continue to move down towards $55 in the near term.
Litecoin Price Turns Red
This past month, litecoin price saw a strong increase above the $70 level against the US Dollar. LTC price was able to clear the $80 resistance level, outperforming both bitcoin and ethereum.
However, the bears remained active near the $85 zone. There was a topping pattern formed near the $85 level before the price started a fresh decline. There was a clear move below the $80 and $78 support levels. Besides, there was a break below a k
We współpracy z: https://newsbtc.com/analysis/ltc/litecoin-price-bleeds-55/
