As indicated in our last Litecoin price prediction, the LTC price is facing huge resistance from the 0.618 Fib retracement level. This Fib level comes into play by connecting the 20th May high of $74.29 to the June low of $40.32. Nevertheless, despite getting rejected from this $62 level twice already, LTC is retesting it once again. A reclaim of this level is likely to trigger a huge bullish move.
Litecoin is one of the altcoins whose price action is closely correlated to that of Bitcoin….
Source link
