Litecoin cryptocurrencies are clearly declining this week. Currently, the supply side tests the local support level located in the price region of 193 dollars. In the event of a breakthrough, I expect continuation of declines at least near the key minimum of around $ 180.

Picture 1. Technical analysis, litecoin, M30,01.03.2018

In the case of defense of the described support area, we can count on movement at least to the level of resistance defined on the basis of the polarity change rule and located in the region of $ 205.

Picture 2. Technical analysis, litecoin, H1,01.03.2018

In the case of overcoming the above-mentioned resistance, the road to attack the last maxima of 240 dollars opens.

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

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