Litecoin Price Analysis: LTC/USD bulls must break down the supply heading into $60 for greater upside
|- Litecoin price late on Tuesday was seen trading up with gains of some 2% in the session.
- LTC/USD bulls must break down the supply heading into the $60 area for another wave of buying pressure.
The Litecoin price on Tuesday late in the session is seen holding gains of over 2%, as the price manages to pick up some bullish momentum. Despite the gains being held, upside does remain somewhat capped by supply into $60.
LTC/USD price action via the 4-hour chart view is caught between two key near-term zones. Supply above holding firm heading into that $60 level, the price has not traded above this comfortably since September 2018.
To the downside, support looks sturdy running from $53 down to $51.50 price range. A failure of this holding could see a fast move down towards $44 territory, where the next major area of demand can be eyed.
LTC/USD 4-hour chart
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