TL;DR Breakdown
- Litecoin price analysis suggests a downwards movement to $52
- The closest support level lies at $54.00
- LTC faces resistance at the $55.00 mark
The Litecoin price analysis shows that the price has fallen back to the $54.00 mark, where the price finds short-term bullish support. However, strong bearish pressure still acts on LTC, making it hard for the support to hold.
The broader cryptocurrency market observed a mixed market sentiment over the last 24 hours as most major…
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