Ransquawk

The rate of one of the most popular crypto-currency continues to move south. After breaking the strong support level located in the price region of 145 dollars, the road to bigger falls opens. Another target for bears seems to be a support area located around $ 105.

Picture 1. Technical analysis, litecoin, D1,27.03.2018

The aforementioned target region for sellers seems to be a good opportunity to try to buy in this place after the occurrence of a possible demand reaction.

Picture 2. Technical analysis, litecoin, H4,27.03.2018

Negation of the downward trend will be the breaking of 145 dollars resistance and the downward trend line that crosses it.

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

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