Litecoin (LTC) Price Analysis: Risk of Additional Weakness Below $65

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Litecoin price recovered recently above the $65.00 resistance area against the US Dollar. LTC price is currently facing a strong resistance near the $70.00 and $71.00 levels. There is a major bearish trend line forming with resistance near $68.60 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase). The pair could start a major decline if it continues to face hurdles near $70.00. Litecoin price is struggling to gain bullish momentum against the US Dollar and bitcoin. LTC is preparing for the next major break either above $70.00 or below $65.00. Litecoin Price Analysis This past week, litecoin price started a decent recovery above the $60.00 level against the US Dollar. The LTC/USD pair even broke the $65.00 resistance level and the 55 simple moving average (4-hours). Finally, there was a break above the $70.00 level, but the bull failed to remain in action. A swing high…

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