- LTC/USD stays above $60.00.
- The downside may be extended due to profit-taking.
Litecoin (LTC), grew as high as $62.10 on Wednesday, However, profit-taking on speculative longs pushed the price back towards $60.00 handle. Moreover, Litecoin retreated to the fifth place in global cryptocurrency market rating, surpassed by EOS. LTC/USD is in a red zone on a week-on-week basis, The coin retains bullish stance as long as it stays above $60.00.