Despite facing a challenging period in recent months, the price of Litecoin has demonstrated a significant upward trajectory. In June, LTC experienced a decline to $71; however, the bulls subsequently took charge and initiated a recovery. Related Reading: Bitcoin NVT Golden Cross Says BTC Is Overpriced, Decline Soon? Nevertheless, over the past week, LTC’s progress slowed, with the coin retracing below the $100 mark and experiencing a loss of approximately 12%. On the daily chart, LTC witnessed a 1.5% decline. Although the coin experienced a significant devaluation on the weekly chart, the bullish sentiment remains. The technical analysis of Litecoin indicates that the bulls are currently dominant, with a minor retracement in demand and accumulation. As Bitcoin also retraced on its chart recently, other altcoins, including Litecoin, observed depreciation. Currently, Litecoin is in a crucial price zone ranging from $90 to $94. Sustaining a price above the $94 mark is expected to provide impetus for LTC to resume its upward trajectory. The market capitalization of LTC reflects a higher presence of sellers compared to buyers in the market. Litecoin Price Analysis: On ..
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