Litecoin price analysis: Bears drag price level down to $58.16 in the latest strike

Litecoin price analysis shows that the market for this cryptocurrency has been in a downtrend over the past few hours. The price level is currently facing rejection at $60.82, and heavy selling pressure is limiting any upward momentum.

Timeline of Litecoin

 The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice Litecoin fell beneath $64 and could retest it as resistance The $50 area has been held as support for now, but violent moves meant traders must remain cautious A significant level of fear gripped the

Recent Litecoin price analysis reveals the LTC/USD is highly bullish today as it receives exceptional positive sentiment from the market. The bulls are on the march towards attempting a new record high as the price has already reached $62.64, and the all-time high happens to be at $63.

Litecoin is still holding on above June lows despite recent crash The altcoin offered profit-making opportunities this week If you held Litecoin (LTC) since October, chances are that you felt less of a pain from

It is now more than a decade since Litecoin (LTC) was founded and it has come a long way since then. The network's latest update reveals the extent of Litecoin's achievements while underscoring the healthy growth it has achieved so far.

Litecoin (LTC) price is moving within an uptrend zone, but the uptrend has proven resilient. The $64 breakout level is the area where support is likely to be found before the cryptocurrency falls.

Litecoin (LTC) has recently completed its most bullish week since June, following a remarkable rise. The “digital silver” registered over 24% gains in the last seven days alone.

Litecoin's [LTC] recent, unprecedented surge could be responsible for making the altcoin a hot topic in the cryptocurrency market. As per CoinMarketCap, LTC's price grew by more than 29% in the last seven days.

Litecoin price analysis confirms a bearish trend for the day as the price experienced a major drop in the past 24 hours. The bearish momentum is growing after a consistent defeat as a bullish wave was occupying the market earlier.

Earlier today, the Litecoin (LTC) price attempted a high momentum breakout from the overhead resistance. A 36% boost in volume indicated the buyers' interest in a prolonged price recovery.

Litecoin [LTC] just concluded its most bullish week since June after delivering an impressive rally. It has also kicked off this week on a positive note after confirming a new network integration.