Litecoin Holds Above Recent Gains, Poised to Retest $60 Overhead Resistance

[Galaxy]

Litecoin bulls are sustaining the recent rallies as the price fluctuates below the $60 resistance. In the previous uptrend, buyers failed to push LTC above the $60 resistance.

The upward move should have reached a high of $65 if the price level was broken. Nonetheless, for the past three days, LTC has been fluctuating between $55 and $60 high. 

On the upside, if the bulls fail to break the $60 resistance, the bears will break the $51 support. On the downside, a break below the $51 support will signal the resumption of the downtrend. Meanwhile, Litecoin is trading at $57.32 but it is consolidating above $56 support.
Info link: https://coinidol.com/litecoin-holds-gains/