Litecoin Price Analysis: LTC/USD big zone retest $60-56 must hold for further moves north

  • Litecoin price is trading in negative territory by some 1.20% in the session on Wednesday. 
  • LTC/USD bulls have been making decent headway, since bottoming out at the back end of last year. 
  • Should the noted zone hold, there could be room for a fast return into $75-80 range. 

LTC/USD weekly chart

The price is enjoying its best weekly run since May, having gained as much as 57%. 

LTC/USD daily chart

Market bulls are attempting to convincingly break down daily supply, $56-60 range. It has not traded above since 14 November. 

Spot rate:                57.65            

Relative change:    -1.25%

High:                        60.22

Low:                         55.26

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