Litecoin price is struggling to gain pace above $66.40 against the US Dollar. LTC could revisit the $60 support before the bulls take a strong stand.
Litecoin is correcting losses from the $63 support zone against the US Dollar.
The price is now trading below $66 and the 100 simple moving average (4 hours).
There is a key contracting triangle forming with resistance near $65.50 on the 4-hour chart of the LTC/USD pair (data feed from Kraken).
The price could drop toward the $60 support before it starts a fresh increase.
Litecoin Price Signals Bearish Move
This past week, there was a fresh decline in Bitcoin, Ethereum, Litecoin, and other altcoins against the US Dollar. LTC price formed a top near $68.40 before it started a fresh decline.
The price traded below the $66.40 and $65.00 support levels. It retested the $63.00 support zone. A low was formed near $63.01 and the price is now attempting a fresh increase. There was a move above the $65.20 resistance.
The price spiked above the 50%
We współpracy z: https://www.newsbtc.com/analysis/ltc/litecoin-price-prediction-ltc-retest-60/
