Litecoin (LTC) Price Analysis: Risk Of Additional Weakness To $60
Litecoin price is facing a strong resistance near the $72.50 and $75.00 levels against the US Dollar. LTC could extend losses towards the $62.00 or $60.00 support before a fresh increase.
Litecoin price failed to stay above the $75.40 support and declined recently (Data feed of Kraken) against the US Dollar.
There is a crucial bearish trend line formed with resistance near the $72.50 level on the 4-hour chart.
LTC price is likely to dive towards the $62.00 support level as long as it is below $75.40.