Litecoin falls 2% to $59.90 as traders watch key $59 support zone

Litecoin (LTC) faces renewed selling pressure, with its price sliding to $59.90 after a 2.11% drop in the past 24 hours. Traders are closely monitoring whether the cryptocurrency can maintain its position above the critical $59 support level following a period of heightened volatility and weakened momentum. Recent price action shows Litecoin retreating from its late September high above $70, slipping under the $64.45 mark, which had served as a key support during its previous climb. Technical analysis points to the $59–$59.40 level as a pivotal area, with the asset currently trading near the lower band of the 20-day Bollinger Band at $59.39.

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