Litecoin Price Prediction: LTC Could Retest $60 Before Fresh Surge

Oct 9, 2023 06:00 am Cryptocurrency 88

Litecoin price is struggling to gain pace above $66.40 against the US Dollar. LTC could revisit the $60 support before the bulls take a strong stand.

Litecoin is correcting losses from the $63 support zone against the US Dollar.

The price is now trading below $66 and the 100 simple moving average (4 hours).

There is a key contracting triangle forming with resistance near $65.50 on the 4-hour chart of the LTC/USD pair (data feed from Kraken).

The price could drop toward the $60 support before it starts a fresh increase.

Litecoin Price Signals Bearish Move

This past week, there was a fresh decline in Bitcoin, Ethereum, Litecoin, and other altcoins against the US Dollar. LTC price formed a top near $68.40 before it started a fresh decline.

The price traded below the $66.40 and $65.00 support levels. It retested the $63.00 ..

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