Litecoin price analysis shows that LTC/USD is in a bearish trend. The LTC/USD has increased by 1.15 percent since yesterday as it currently trades at $56.78. Litecoin price is facing strong resistance at $59.20, and if the bears can push the prices below this level, we may see a further decline to $56.11. Support for LTC/USD is present at $56.11 and it is likely to provide some relief to the LTC bulls in the short term.
Litecoin prices have been trading between a range of $56.11 and $…
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