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Litecoin (LTC) Price Analysis: Upsides Could Be Capped Near $66
In the past few days, there was a fresh decline in Bitcoin, Ethereum, Ripple, and Litecoin against the US Dollar. Earlier, LTC settled below the $70 support zone to move into a bearish zone. The price broke the $68 support zone and started a fresh decline. It even traded below the $66 support. A low has formed near $61.43 and the price is now consolidating losses. It is now trading below $65 and the 55 simple moving average (4 hours). Immediate resistance is near the $63.20 level. There is also a key bearish trend line forming with resistance near $63.20 on the 4-hour chart of the LTC/USD pair. The 23.6% Fib ... (full story)