Litecoin (LTC) Price Analysis: Last Dip Before Fresh Increase?

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Litecoin price is currently correcting lower below the $60.50 resistance against the US Dollar. LTC price is currently holding the key $57.10 and $55.80 support levels, with a positive bias. There is a major bearish trend line forming with resistance near $58.90 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase). The pair could dip once last time towards the $55.80 support area before it started a decent upward move. Litecoin price is retreating from the recent high near $64.40 against the US Dollar, similar to bitcoin. LTC price could decline further, but it remains supported near $55.80. Litecoin Price Analysis Recently, there was a sharp rally in bitcoin, Ethereum ripple and litecoin against the US Dollar. LTC price broke many hurdles during the rise such as $54.00 and $55.80 resistance levels. Moreover, there was an upside break above the $60.00 resistance and the 55 simple moving…

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