Litecoin

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Sellers are keeping the pressure on, according to the <a href="https://u.today/binance-coin-bnb-price-analysis-for-september-6" rel="noopener noreferrer nofollow">CoinMarketCap ranking</a>. 
<img data-entity-type="file" data-entity-uuid="a5c6c96a-d56b-47c6-bf01-760c4ac97ef9" src="https://u.today/sites/default/files/inline-images/top10_641.png">Top coins by<a href="https://coinmarketcap.com/" rel="noopener noreferrer nofollow"> CoinMarketCap</a> 
<h2 dir="ltr" id="ltc-usd">LTC/USD</h2> 
The price of Litecoin (LTC) has dropped by 0.41% over the last 24 hours. 
<img data-entity-type="file" data-entity-uuid="edfeee54-22e0-46a6-a23d-3bfeb4fa8a15" src="https://u.today/sites/default/files/inline-images/ltc1_5.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/LTCUSD" rel="noopener noreferrer nofollow">TradingView</a> 
On the hourly chart, the rate of Litecoin (LTC) is on its way to testing the support of $62.31. If the situation does not change, closure near the mentioned mark might be a prerequisite for a blast to the $62 zone. 
<img data-entity-type="file" data-entity-uuid="77754f24-3911-41b8-9b3e-0fe2ff7561c0" src="https://u.today/sites/default/files/inline-images/ltc2_4.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/LTCUSD" rel="noopener noreferrer nofollow">TradingView</a> 
On the daily time frame, the situation is almost unchanged since yesterday as the rate keeps trading in a narrow channel, accumulating energy for a further move. 
However, if buyers lose the $62 zone, there is a high chance of seeing a support level breakout, followed by a continued drop to $60. 
<img data-entity-type="file" data-entity-uuid="a08583c5-0f2e-4fb3-9675-d29c1bb09cc7" src="https://u.today/sites/default/files/inline-images/ltc3_4.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/LTCUSD" rel="noopener noreferrer nofollow">TradingView</a> 
On the bigger chart, the rate of LTC has bounced off the zone of $70, which means that buyers are not ready yet to seize the initiative. Currently, traders should focus on the $60 zone. If the decline continues to it, bears can keep the fall to the $55 mark. 
LTC is trading at $62.88 at press time.

Litecoin (LTC) Price Analysis for September 7

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