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Litecoin (LTC): Bulls Facing An Uphill Task

From livebitcoinnews.com

This week, there was a nasty decline in bitcoin, ethereum, ripple, and litecoin against the US Dollar. Earlier, LTC gained pace above the $210 resistance level. The price even broke the $225 resistance and spiked above $230. A high was formed near $232 before the price started a major decline. The price broke the $220 and $210 support levels. There was also a break below a key bullish trend line with support near $200 on the 4-hours chart of the LTC/USD pair.The pair even broke the $188 support level. It tested the $160 zone and recently corrected higher. It surpassed the 23.6% Fib retracement level of the main ... (full story)

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  • Category: Technical Analysis