Litecoin Correction Causes Serious Bearish Action, Why Further Pullback is Likely

Litecoin Correction Causes Serious Bearish Action, Why Further Pullback is Likely | NewsBTC

LTC broke out of a channel to a new descending wedge after dropping below $61 price levels earlier today. The price rejection at $66 price levels has made Litecoin stay under a bearish pressure since the weekly opening. Litecoin may gain bullish momentum if the price can reclaim $61, which appeared to be a critical confluence zone for the market.