Litecoin Price Analysis: LTC/USD channel resistance breakdown stalls at $44.50

Litecoin Price Analysis: LTC/USD channel resistance breakdown stalls at $44.50

Litecoin resumes the downtrend after hitting a snag at $44.50. Technical levels are mostly lethargic; LTC/USD targets $43.50 support on the downside. Litecoin is among the cryptocurrencies held hostage by the bears this week. In spite of a break out of the falling channel, a loss of 0.38% is being recorded.