Litecoin Price Analysis – LTCUSD Shows Bearish Signs

Litecoin Price Analysis – LTCUSD Shows Bearish Signs

Litecoin price is currently correcting lower below $55 and could continue to slide towards the key $50 support level. Are the bulls losing control of the market? This week, the price of Litecoin (LTC) rallied above the $58 and $60 resistance levels. However, after trading to a new 2020 high at $63, Litecoin price resumed a downside correction.