Litecoin price break above a falling wedge pattern loses steam due to increased selling action under $65. LTC/USD nurtures a possible symmetrical triangle breakout likely to catapult it above $65 and $70 levels. Spot rate: $61.80 Relative change: -0.2556 Percentage change: -0.32% Trend: Bullish Volatility: Expanding LTC/USD daily chart Litecoin price is settled comfortably above the support at $60. The stability followed a correction from lower support at $55. LTC/USD is also trading above a short term falling wedge pattern. The crypto needs to attract a huge volume and a sentimental change towards it in order to utilize the impact of the pattern’s break and pull the price above the hurdle at $70 in preparation for another attack on $80. For now, technical indicators such as the RSI and the MACD hint that sideways trading is the most probable direction for LTC/USD. LTC/USD 1-hour chart Litecoin price is trading almost in the apex of a symmetrical triangle. The bulls need to focus on breaking above the resistance at $65. This coupled with a break above the triangle as well as a higher volume, could LTC/USD easily sail above the two key resistance zones at $70 and $80. Meanwhile, short term analysis using the Elliot Wave Oscillator hints that selling pressure could continue, and even force LTC towards the support at $60. 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 USD/JPY prints six-month low as US yields slide on coronavirus pandemic fears FX Street 3 years Litecoin price break above a falling wedge pattern loses steam due to increased selling action under $65. LTC/USD nurtures a possible symmetrical triangle breakout likely to catapult it above $65 and $70 levels. Spot rate: $61.80 Relative change: -0.2556 Percentage change: -0.32% Trend: Bullish Volatility: Expanding LTC/USD daily chart Litecoin price is settled comfortably above the support at $60. The stability followed a correction from lower support at $55. LTC/USD is also trading above a short term falling wedge pattern. The crypto needs to attract a huge volume and a sentimental change towards it in order to utilize the impact… 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.