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Altcoins & DeFi

Here's What Needs to Happen for Litecoin Price to Hit $60 as Bitcoin Wobbles

Image: Crypto Daily

Three Things to Know Bitcoin is drifting toward a level that could decide how hard major altcoins fall next. Litecoin now trades under both of its key moving averages, and sellers still lead the trend. Support just above $51 has become the line that separates a steady Litecoin from a sharper slide. Bitcoin's monthlong slide has pushed traders to rank which large altcoins would suffer most if the selling deepens. Litecoin has long tracked Bitcoin almost one for one, which once made it look like the calmer choice. That reputation now faces a real test. LTC has slipped under the trend lines that set it apart from Cardano and Dogecoin. Can it climb back toward $60? Only if Bitcoin steadies first and buyers retake lost ground.

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