Litecoin price corrected lower recently, but it found support near $52.00 against the US dollar. LTC remains in an uptrend and it could slowly rise towards $58.00 and $60.00.
Key Talking Points
- Litecoin price is trading nicely above the $54.00 and $52.00 support levels (Data feed of Kraken) against the US Dollar.
- There is a short term breakout pattern in place with resistance at $56.50 on the hourly chart.
- LTC price might dip a few points, but it is likely to climb towards $58.00 or $60.00.
Litecoin Price Analysis (LTC)
In the past few sessions, there were range moves in bitcoin, Ethereum, EOS, ripple, litecoin, BNB and other cryptocurrencies against the US dollar. The LTC/USD pair dipped a few points earlier this week, but it found support near the $52.00 level.
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