Since that point in time, the Litecoin analysis has been demonstrating steady sideways movement with no significant change. But upon closer examination of the Litecoin price, 2020 appears to be a year of further downfall for the cryptocurrency.
And indeed, since June the Litecoin price analysis has already registered a rather hefty drop of 11%. The cryptocurrency tumbled down from the mark of $48.96 and is now trading at around $43.44. And according to some experts, the current downward triangle pattern that’s been forming over the past few months could be an indication of some bad Litecoin news.
The price could be facing a breakdown, in which case it will drop down below the $40 level. And should that happen, the next likely Litecoin price target would be at $39.81, which has been a very strong support point in the past. Watch the full video for our detailed Litecoin price prediction for the weeks and months head.
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