View full page at cryptocraft.com

 

Litecoin (LTC): Facing Uphill Task Near $180

From livebitcoinnews.com

This week, there was another drop in bitcoin, ethereum, ripple, and litecoin against the US Dollar. LTC broke the $155 and $150 support levels. However, it found support near the $145 zone. Recently, the price started a decent recovery wave from the $145 swing low. It broke the $155 and $165 resistance levels. There was also a break above the 23.6% Fib retracement level of the key decline from the $198 swing high to $145 low. It is now testing the $172 resistance. The 50% Fib retracement level of the key decline from the $198 swing high to $145 low is also acting as a resistance. Besides, it is still trading well ... (full story)

Story Stats

  • Posted:
  • Category: Technical Analysis