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Litecoin price seeks new all-time high, but LTC shows bearish divergence

From fxstreet.com

Litecoin price failure today at the critical Fibonacci level is the second time since mid-April and lowers the odds that LTC can overcome the resistance and launch a substantive test of the all-time high at $420.00. Litecoin price in need of a dominant catalyst The IntoTheBlock In/Out of the Money Around Price (IOMAP) data shows almost no resistance from the current Litecoin price until $350.24, which is slightly beyond the 78.6% retracement level mentioned above. Likewise, Litecoin shows limited support until a cluster between $259.85 to $269.27. A total of 103.49k addresses bought 3.39 million LTC at an average ... (full story)

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  • Category: Technical Analysis