Litecoin (LTC) Price Analysis: Bulls Protecting Crucial Support

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Litecoin price failed to hold gains above the $100.00 level and declined recently against the US Dollar. LTC price is currently holding an important support area near the $87.00 level. There is a major bullish trend line forming with support near $88.20 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase). The pair is currently consolidating losses and it might correct higher as long as above $87.00. Litecoin price is struggling to climb higher against the US Dollar and bitcoin, despite halving. LTC price could either recover above $95.00 or extend its decline towards the $76.50 support. Litecoin Price Analysis Earlier this week, litecoin price climbed higher sharply above $95.00 and $100.00 against the US Dollar. The LTC/USD pair even broke the $102.00 resistance and settled above the 55 simple moving average (4-hours). However, the pair struggled to stay above the $100.00 level. A swing high was…

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