Litecoin (LTC) Price Analysis: Bulls Facing An Uphill Task.
09 Sep 2021, 08:00
Litecoin (LTC) Price Analysis: Bulls Facing An Uphill Task
Litecoin price is down over 15% from the $232 zone against the US Dollar, similar to bitcoin. LTC price could continue lower if it fails to recover above $188.
Litecoin Price AnalysisThis week, there was a nasty decline in bitcoin, ethereum, ripple, and litecoin against the US Dollar. Earlier, LTC gained pace above the $210 resistance level.
The price even broke the $225 resistance and spiked above $230. A high was formed near $232 before the price started a major decline. The price broke the $220 and $210 support levels. There was also a break below a key bullish trend line with support near $200 on the 4-hours chart of the LTC/USD pair.