This week, there was a downside extension in bitcoin, ethereum, ripple, and litecoin against the US Dollar. Earlier, LTC failed to stay above the main $120 support level. The price even broke the $110 support level and settled well below the 55 simple moving average (4-hours). It traded as low as $104 before it started an upside correction. It climbed above the $110 and $112 resistance levels. There was a break above the 23.6% Fib retracement level of the key decline from the $140 swing high to $104 low. Besides, there was a break above a crucial bearish trend line with resistance near $114 on the 4-hours chart of ... (full story)