Litecoin Analysts See Recovery to $62-$65 Range Despite Current Weakness

The Litecoin price has dropped by -5.73% in the past 24 hours, trading at $52.63. Despite this decline, technical analysts remain optimistic about the cryptocurrency's prospects.

According to recent analysis, Litecoin is expected to recover to the $62-65 range within four weeks if key support levels hold. This prediction hinges on the cryptocurrency reclaiming the immediate resistance at $55.27 and establishing support above the strong resistance level at $57.92.