Litecoin (LTC) Price Analysis: More Downsides Likely Below $60

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Litecoin price start a fresh decline after it failed to break the $75.00 resistance against the US Dollar. LTC price is currently trading well below the main $70.80 and $70.00 support levels. There is a crucial bearish trend line forming with resistance near $70.00 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase). The pair remains at a risk of more downsides and upsides could be capped near $70.00. Litecoin price is facing an increase in selling pressure against the US Dollar and bitcoin. LTC is likely to extend its decline towards or below $60.00 in the coming sessions. Litecoin Price Analysis Earlier this week, litecoin price made an attempt to surpass the $75.00 and $76.00 resistances against the US Dollar. However, the LTC/USD pair failed to continue higher and recently started a fresh decline below the $72.00 support. Moreover, there was a break below the key…

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