Litecoin price analysis: LTC/USD returns above $71.00 after a short-lived dip below $70.0

Litecoin price analysis: LTC/USD returns above $71.00 after a short-lived dip below $70.0

LTC/USD needs to recover above $72.00 to get back on the recovery track. The strong short-term support is created on approach to $70.50. Litecoin is range-bound with a bearish bias on Wednesday. The fifth-largest digital asset with the current market value of $4.5 has stayed unchanged both in recent 24 hours and since the beginning of the day.