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Breaking: LTC/USD drops by 10% dipping below $60

  • Litecoin is down 11% in the past 24 hours and lost $60 briefly.
  • LTC/USD is currently trading at $60.44 just below the daily 12-EMA.
Breaking: LTC/USD drops by 10% dipping below $60
Lorenzo StroeLorenzo StroeIndependent Analyst

Litecoin has suffered a steep correction in the past 24 hours although the digital asset is still in a daily uptrend. Litecoin bulls are desperately trying to defend the 12-EMA and the $60 psychological level.

LTC/USD daily chart

LTCUSD

The last clear low is established at $51.61 which means that anything above this level is considered a higher low and a continuation of the daily uptrend, however, a sudden loss of $60 is significant. Buyers also have the 26-EMA at $57 as a potential support level.

Author

Lorenzo Stroe

Lorenzo Stroe

Independent Analyst

Lorenzo is an experienced Technical Analyst and Content Writer who has been working in the cryptocurrency industry since 2012. He also has a passion for trading.

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