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.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.