Litecoin Price Analysis: LTC/USD $60-65 barrier in the way of greater upsider
|- Litecoin price is trading in positive territory by some 0.60% in the session on Monday.
- LTC/USD bulls are back in control following the brief pause from upside momentum seen on Tuesday.
- A barrier can be observed from the range of $60-65, preventing a greater move to the north.
LTC/USD weekly chart
Market bulls completed a fourth consecutive closure for the week in the green, the price has run from $39 up to last week’s high area at $63.
LTC/USD daily chart
Critical daily support should be noted at $55, failure to hold could prove to be punishing.
Spot rate: 58.02
Relative change: +0.60%
High: 58.18
Low: 55.75
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.