Litecoin (LTC) Price Analysis: Bearish U-Turn, Can $30 Hold Losses?

Litecoin price declined heavily from well above $40.00. The recent decline in bitcoin, Ethereum, EOS and tron impacted LTC’s market sentiment towards $30.00. Key Talking Points Litecoin price declined more than 20% from well above the $40.00 level (Data feed of Kraken) against the US Dollar. There was a break below a crucial bullish trend line with support at $38.50 on the hourly chart. LTC price remains at a risk of more losses, but the $30.00 support may protect further slides. Litecoin Price Analysis This past week, we saw a solid upward move above the $38.00 resistance in litecoin price against the US dollar. The LTC/USD pair even broke the $40.00 barrier and traded close to the $41.50 level. Looking at the chart, LTC price traded as high as $41.13 and later started a downward move. Recently, sellers gained control and pushed the price below the $40.00 and $38.00 support…

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