The quotations of litecoin cryptocurrencies, after defending the key support level located in the price region of $ 155, fell into the consolidation period. The peace accompanying quotations this week may be interrupted in case of breaking the indicated support, which will open the way to deeper falls.

Picture 1. Technical analysis, litecoin, D1,14.03.2018

If the growth scenario is implemented, the next target for bulls seems to be a zone of strong demand that falls in the round price region of 100 dollars.

Picture 2. Technical analysis, litecoin, H4,14.03.2018

Due to the strength of the support described above, I believe that its direct overcoming is unlikely and we should see at least a short-term reaction earlier.

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

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