Ken Chigbo
Independent Analyst
- Litecoin price is trading in the green, with a gain of 1.30% the session on Thursday.
- LTC/USD weekly price action has been narrow for five trading weeks.
- Should the price fails to break $60, it could prove to be punishing.
LTC/USD weekly chart
A major resistance barrier is eyed at $60, the bulls must break and close above this for greater gains.
LTC/USD daily chart
Price action is very much topping around $60-62 range, heavy supply.
Spot rate: 58.75
Relative change: -1.30%
High: 59.80
Low: 57.18
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