Home Litecoin technical analysis: LTC/USD capped by game-changing weekly resistance at $60

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Litecoin technical analysis: LTC/USD capped by game-changing weekly resistance at $60

FX Street

Published date: 31 Oct. 2019 | 18:37

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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