Coin Gabbar Token

Bitcoin, ethereum, ripple, and litecoin have all fallen in price against the US dollar in recent days. Previously, LTC reached a short-term top near $58 and started a fresh decline.The price fell sharply below the $56 and $55 support levels. The price even fell below $55 and the 55 simple moving average. The bulls, on the other hand, were active at the $51.50 level. The price has formed a low at $51.69 and is now consolidating losses.<a href="https://www.coingabbar.com/en/crypto-currency/litecoin-ltc-prices-usd" rel="noopener noreferrer nofollow">Litecoin price</a> rose over the $53 resistance level. It passed the 23.6% Fib retracement level of the recent drop from the $58.31 swing high to the $51.69 low. The price is now trading above $55 and the 55-day simple moving average.On the upside, the price is facing resistance at $56.00 and $56.70. On the 4-hours chart of the LTC/USD pair, a key bearish trend line is forming with resistance near $55.The trend line is near to the 50% Fib retracement level of the recent decline from the swing high of $58.31 to the low of $51.69. The next major resistance is situated at the $58 level. A clear break over the $58.00 level might push the price up to the $60 level.On the downside, an immediate support level is at $52. The next key level of support is at $51.50. If the price breaks below the $51.50 support level, it may accelerate lower towards the $50 level in the short future.According to the price analysis, the price of litecoin is clearly trading below $60 and the 55 simple moving average. Overall, the price may recover, but upsides may be limited above $58 and $60.KEY LEVELS :RESISTANCE LEVEL : $57.00-$60.00SUPPORT LEVEL : $53.00-$51.00Get more cryptocurrency related updates on :-<a href="https://www.coingabbar.com/en/crypto-news-english" rel="noopener noreferrer nofollow"> https://www.coingabbar.com/en/crypto-news-english</a>

Cryptocurrency price update: LITECOIN PRICE ANALYSIS : Bulls take support from a bullish channel line and seek for $60

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