🔝Litecoin (LTC) is currently squeezed between the lines of a falling wedge pattern, and we're expecting a bullish breakout soon.
🟢However, if LTC faces resistance at the upper trend line of the wedge, it might drop back to around $60.00. This level has been a strong support for LTC and is an area with a lot of buy orders.
🟢If Litecoin doesn't bounce back from $60.00, the next important support level is around $56.00. There's a good chance of a strong rebound here, making it a key level to watch.
🟢On the other hand, if LTC keeps falling, the bears might take over, leading to a continued drop and a shift in market sentiment.
