Litecoin price declined further and even failed to hold the $170 support against the US Dollar. LTC/USD is currently correcting higher, but it faces many hurdles near $165-170.
Key Talking Points
Litecoin price fell sharply and traded below the $170 and $165 support levels (Data feed of Kraken) against the US Dollar.
There is a bearish trend line forming with resistance at $165-170 on the hourly chart of LTC/USD pair.
The pair is currently in a bearish trend and it is likely to struggle to move above $165-170.
Litecoin Price Forecast
Yesterday, we discussed that litecoin
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