Litecoin (LTCUSD) price declined in its latest intraday trading amid continued negative signals from the Stochastic indicators after previously reaching deeply overbought levels, as the price attempts to gain positive momentum that could help it overcome the negative pressure from its 50-day SMA and then fully recover in the coming period, especially with the dominance of the main upward trend in the short term while moving alongside a trend line supporting this path and strengthening the chances of further upside.

Therefore we expect the digital currency price to rise in its upcoming intraday trading, as long as it holds above the $56.20 support level, targeting the key resistance level at $59.60.

Todays price forecast: Bullish