Litecoin price analysis: Bearish trend to continue as price approaches major support of $54.42

Litecoin price analysis shows a bearish trend for today. The bears have taken over the price charts once again and have reduced the price level to 56.11, as market sentiment is bearish towards LTC/USD. Selling pressure came in at the start of today’s trading session, but the trend remained undetermined during the first four hours, and after that, bears outplayed the bulls.

Litecoin price analysis 1-day price chart: Bearish swing lowers the price to $56.11 boundary

The 1-day price chart…


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