The Litecoin cryptocurrencies quotations the successful second part of the week and record the largest increases for over a month. After breaking the local levels of resistance, the demand side is currently attacking another strong area located in the price region of $ 280. While keeping the current dynamics, achieving this level will be possible this week.

Picture 1. Technical analysis, litecoin, D1,15.02.2018

At the moment, you should set local support levels that will allow you to connect to an upward trend at a better price. Within the H4 interval, we can indicate 210 and 190 dollars as potential levels of continuation.

Picture 2. Technical analysis, litecoin, H4,15.02.2018

A possible breakthrough of the indicated support in the area of 190 dollars may deepen the drops even close to 160 dollars.
Risk Warning: The content of this analysis is for informational purposes only and does not constitute investment advice.

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