Litecoin cryptocurrencies have had a period of strong declines, which led to the test of a strong level of support located in the price region of $ 105. Everything indicates that the bulls have noticed this area, as evidenced by the demand reaction that took place just before Christmas.

Picture 1. Technical analysis, litecoin, D.03.04.2018

If the upward rebound continues, then bulls the next problem area should encounter near the downward trend line. If it is broken, the road to attacking the local resistance level of $ 140 will open.

Picture 2. Technical analysis, litecoin, H4,03.04.2018

Possible deeper drops will most likely lead to a test of another support around $ 90.

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

Leave us a comment!

Error, group does not exist! Check your syntax! (ID: 3)