Litecoin price analysis: LTC rejected at $60, moves back to $57

Litecoin price analysis suggests a downward movement to $54 The closest support level lies at 57.50 LTC faces resistance at the $60.00 mark The Litecoin price analysis shows that the LTC price action was rejected at the $60.00 level and has moved down toward the $56.00 support level.

Timeline of Litecoin

Litecoin price analysis is revealing a bearish trend for today as a further decrease in price has been observed. LTC prices are down by almost 2.18% in the last 24 hours and are currently trading at the $57.33 mark.

Litecoin (LTC) price has declined but managed to hold above the 50-day moving average line. It is now capped between the moving averages. The 21-day line SMA is currently being retested or breached by Litecoin, which price is rising.

Litecoin's hash rate improves, miner fees continue to grow Market cap dominance continues to improve Even though Bitcoin miners continue to suffer from FUD, the same couldn't be said for Litecoin [LTC] as it witnessed an improvement. According to a recent tweet made by Litecoin on 13 November, its hash rate was at 535.6 TH/s.

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.

 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.