Litecoin Price Analysis: LTC/USD big zone retest $60-56 must hold for further moves north
|- Litecoin price is trading in negative territory by some 1.20% in the session on Wednesday.
- LTC/USD bulls have been making decent headway, since bottoming out at the back end of last year.
- Should the noted zone hold, there could be room for a fast return into $75-80 range.
LTC/USD weekly chart
The price is enjoying its best weekly run since May, having gained as much as 57%.
LTC/USD daily chart
Market bulls are attempting to convincingly break down daily supply, $56-60 range. It has not traded above since 14 November.
Spot rate: 57.65
Relative change: -1.25%
High: 60.22
Low: 55.26
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