Posted 12/20/2023, 2:39:50 PM
Litecoin Price Faces Further Decline After Hitting $80 High Last Month
- Litecoin (LTC) price has been declining since reaching $80 high on December 9
- Currently trading inside a corrective pattern according to weekly chart
- Created a bearish engulfing candlestick last week suggesting further declines
- Analysts on TradingView are bullish on future LTC price, predicting rises to $300 or even $6,250
- Daily chart shows LTC may break down from current ascending channel, potentially decreasing 20% to $58 support level