The litecoin cryptocurrency course continues to move southwards, which led to breaking new local minima and thus falling below the level of 130 USD. Currently, it seems that the supply side will continue to decline, and the next target for bears is currently a psychological level of $ 100.

Picture 1. Technical analysis, litecoin, D1,02.02.2018

Due to the fact that there is a grouping of support levels in the region of $ 100, it is possible that in this area at least a short-term upward reaction will occur. The first possible target for bulls is the resistance of $ 135.

Picture 2. Technical analysis, litecoin, H4,02.02.2018

Breaking the mentioned level of 100 dollars can be an important factor that will dampen declines and keep the price below for longer.

Risk Warning: The contents of this analysis is for informational purposes only and does not constitute investment advice.

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