Litecoin (LTC) Price Analysis: Upsides Could Be Capped Near $70

Litecoin started a fresh decline from the $80 resistance zone against the US Dollar. LTC price is now trading below $70 and the 55 simple moving average (4-hours). There is a major bearish trend line forming with resistance near $71 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase). The pair could struggle to clear the $68 and $70 resistance levels in the near term. Litecoin price is struggling below $70 against the US Dollar, similar to bitcoin. LTC price could continue to decline if it stays below the $70 resistance zone. Litecoin Price Analysis In the

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Author: NixCoin