Litecoin price analysis: Bearish pressure takes LTC to $56.6 as bulls struggle

The Litecoin price analysis shows that the cryptocurrency has gone through a bearish momentum in the latest price chart. The bearish side has already been successful in halting the upwards price movement, and the last hours have seen a major decline in the price value.

The price has lowered to the level of $56.6, causing a reversal in the uptrend that followed earlier yesterday. As the price is slipping downwards now, further reduction in price can be expected as well. However, support is…


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