Litecoin (LTC) Price Analysis: Fresh Gains Likely Above $70

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Litecoin price is correcting lower after trading towards the $75.00 level against the US Dollar. LTC price is likely to remain supported near the $68.00 and $66.00 levels. There is a crucial bullish trend line forming with support near $66.50 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase). The pair could start a fresh increase if it breaks the $70.00 and $72.00 resistance levels. Litecoin price is showing positive signs against the US Dollar, while bitcoin is correcting lower. LTC remains buy on dips as long as there is no close below the $65.00 support. Litecoin Price Analysis After forming a support base above $62.00, litecoin price started a solid upward move against the US Dollar. The LTC/USD pair broke the $70.00 resistance level and the 55 simple moving average (4-hours). Finally, there was a break above the $72.00 level, but the price failed to continue…

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