Litecoin Price Analysis
Litecoin price faced a tough resistance at $145 against the US Dollar
. LTC/USD is currently under pressure below $145 and it remains at a risk of more declines.
Key Talking Points
Litecoin price recovered slightly,
but it faced a strong resistance near $145 (Data feed of Kraken) against the US Dollar.
There is a crucial bearish trend line in place with resistance at $143
on the hourly chart of the LTC/USD pair.
The pair may continue to face hurdles near $143, $145 and
the 100 hourly simple moving average.
Litecoin Price Forecast
After a major decline, litecoin price found
support near the $131.00 level against the US dollar.
The LTC/USD pair traded as low as $131.37 before buyers protected more losses.
Looking at the chart, the price started an upside correction
and traded above the $138 and $140 resistance levels.
It even broke the 23.6% Fib retracement level of the
last drop from the $160.78 high to $131.37 low.
Source
https://ethereumworldnews.com/litecoin-price-analysis-ltc-usd-struggling-below-145/
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