Litecoin (LTC) Price Analysis: Sell Rallies Near $32 and $35

Litecoin price moved into a bearish zone below the $35.00 support. LTC may continue to move down and it may soon test the $28.00 or $26.00 support levels. Key Talking Points Litecoin price fell sharply this past week and broke the $40.00 and $35.00 supports (Data feed of Kraken) against the US Dollar. There is a short term bearish trend line formed with resistance at $32.00 on the hourly chart. LTC price may correct a few points, but it remains sell near the $32.00 and $34.00 levels. Litecoin Price Analysis This past week, there was a sharp downward move from well above $38.00 in litecoin price against the US dollar. The LTC/USD pair broke the $38.00 and $35.00 support levels to move into a bearish zone. Looking at the chart, LTC price traded in a range above the $31.00 level for some time, but late sellers gained control. The price…

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