Litecoin price analysis: LTC breaks above $55 as bulls try to climb $60

Litecoin price analysis suggests upwards movement to $60 LTC faces resistance at the $58.20 mark The closest support level lies at $55.10 The Litecoin price analysis shows that LTC has struggled to break above the $55.00 mark in the past few days as the bullish momentum fades. Today, the price has broken above.

Timeline of Litecoin

Litecoin (LTC) has been increasing since June 14 but has yet to confirm a potential bullish trend reversal. The post Litecoin (LTC) Weekly RSI Falls To New All-Time Low appeared first on BeInCrypto.

The price of Litecoin (LTC) is in a downward correction as it has been stuck above $40 support. The cryptocurrency has been restricted below the 21-day line SMA. The altcoin's upward movement is stalled below the 21-day line SMA.

Litecoin price analysis shows that the market is bearish as prices have crashed below $52. After a week-long consolidation phase near $54.50, the bears took control and pushed Litecoin prices below the key support at $52.

Litecoin price analysis shows that the market has turned bearish with prices slipping below $52.55. Prices have found support at $51.77 and any further decline may see LTC prices testing the $50 handle in the short term.

  The recent holocaust in the crypto-industry has called for the masses to look out for ideal cryptocurrencies to fight against the odds. Successively, projects focussing on privacy like Litecoin (LTC) and Monero are now rising towards the limelight.  Talking about Litecoin, the altcoin is in talks for its notable feats with its MWEB extension. Meanwhile, …

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. The ongoing market-wide liquidations pulled Litecoin [LTC] toward its long-term support around the $42-zone.

The Litecoin price analysis shows that bears are leading the charts for today. Overall the coin is trying to get out of the bearish cycle as the price trend line has been upward for the last six days.

The multiple lower price rejection candles reflected the failed attempts from sellers to break the $40 psychological support. However, the price action hovering above the $40 mark shaped into a double bottom pattern, whose breakout indicates a recovery opportunity for Litecoin(LTC) holders.

Litecoin price analysis indicates that the cryptocurrency has found support at $41.94 and currently trading at the $49.99 mark. The market is expecting a breakout from the ascending triangle pattern formation.

Litecoin price analysis shows that the market is in a bearish trend as prices have stepped down to the $45.42 level after a bearish takeover from the bears. LTC/USD had found some support at $44.04 but it was not enough to stop the sell-off.