Litecoin cryptocurrencies after a dynamic rebound from the support level located in the price region of $ 105, again test the indicated area. If we defend it again, we will see the creation of a double bottom formation with the first target in the area of the downward trend line.

Picture 1. Technical analysis, litecoin, D1,05.04.2018

A possible breakdown of the aforementioned downward trend line should be the starting point for larger increases with a possible range in the price region of 145 dollars.

Picture 2. Technical analysis, litecoin, H4,05.04.2018

If the bears manage to go below $ 100 for one litecoin, they will not have much space to develop the inheritance due to the proximity of another support around $ 90.

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

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