Litecoin price analysis today is bearish as the cryptocurrency has slipped below $60 again. The LTC/USD pair had been following an ascending parallel channel for some time but failed to break out of it and instead dropped sharply. The pair is currently trading at $54.15 and is facing immediate resistance at $60.33, However, a break above this level is necessary for further upside.
Support for Litecoin is presently at $53.30, and if this level is breached, Litecoin might drop all the way…
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