Litecoin Price Analysis: LTC/USD bulls lose control with $55-50 critical support eyed
|- Litecoin price is trading in negative territory by some 3.50% in the session on Thursday.
- LTC/USD have lost momentum for now, as price retreats to critical demand zone.
- The price is running towards its second consecutive session in the red.
LTC/USD daily chart
There is a strong level of resistance noted at the $60 price mark via the daily. LTC/USD has not traded above this since mid-November.
LTC/USD 60-minute chart
Hourly support can be observed at the $55 territory, failure to hold could prove to be punishing.
Spot rate: 56.32
Relative change: -3.25%
High: 58.39
Low: 54.73
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