Litecoin price hovers above $60 after advances above $61 were unsustainable. The inclination to the downside is expected to continue throughout the sessions on Thursday. Litecoin is price action is inclined towards making declines on Thursday towards the end of the Asian trading session. The cryptocurrency live rates table shows the crypto having lost 0.21% of its value on the day. LTC is hovering above $60 after corrections above $61 failed to hold. Moreover, the prevailing trend is strongly bearish albeit the shrinking volatility. Immediate support is offered by the 100 Simple Moving Average (SMA) on the 4-hour chart. The ascending trendline is also ready to come to the rescue of the bulls. A slide below $60 could also seek refuge with $58 support. However, the major support for LTC/USD lies with $50 and $46.00 respectively. As far as technical levels are concerned, Litecoin is expected to continue pressing down on the short term support at $60. For instance, the RSI is gradually slopping towards the oversold while, the MACD displays a bearish cross. The signals from the indicators remain bearish for the near-term which jeopardizes the tentative support areas. LTC/USD 4-hour chart FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Crypto News share Read Next UK Brexit Party leader Farage: Will stand down no more candidates beyond the 317 Conservative seats FX Street 3 years Litecoin price hovers above $60 after advances above $61 were unsustainable. The inclination to the downside is expected to continue throughout the sessions on Thursday. Litecoin is price action is inclined towards making declines on Thursday towards the end of the Asian trading session. The cryptocurrency live rates table shows the crypto having lost 0.21% of its value on the day. LTC is hovering above $60 after corrections above $61 failed to hold. Moreover, the prevailing trend is strongly bearish albeit the shrinking volatility. Immediate support is offered by the 100 Simple Moving Average (SMA) on the 4-hour chart. The… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
