The Litecoin cryptocurrencies have a particularly bad week behind them. As a result of dynamic drops, the exchange broke the local support level, which is located around $ 155. At present, it seems that this is not the end of the move towards the south and the target area for sellers is a round level of $ 100.

Picture 1. Technical analysis, litecoin, D1,09.03.2018

Due to the strength of the said area of 100 dollars and earlier dynamic reactions in the re-test of the region, rebound is very likely.

Picture 2. Technical analysis, litecoin, H4,09.03.2018

Possibly stopping the inheritance and reversing the direction should before lead to attack at least around local resistance $ 165.

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

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