LitecoinShort
Trend analysis: LTC / USD (Litecoin)
Updated
The trend of the Litecoin asset remains descending. LTC / USD is traded in a downward channel with a resistance level of $81 and support of $52.
Current situation:
The price of Litecoin approaches the key level of $72. If the price of LTC / USD falls below this level, then the next level will be $66. We do not exclude the correction of the Litecoin price upwards to the level of $94, but for this, it is necessary to wait for the stop of price reduction.
Key levels are used by traders to identify immediate targets, limit losses, fix profit, entry points.
Resistance levels:
1. $81;
2. $88;
3. $94.
Support levels:
1. $72;
2. $66;
3. $52.
Forecast:
The decrease in the price of Litecoin from the level of $76 and the target in the support zone is $72.
Current situation:
The price of Litecoin approaches the key level of $72. If the price of LTC / USD falls below this level, then the next level will be $66. We do not exclude the correction of the Litecoin price upwards to the level of $94, but for this, it is necessary to wait for the stop of price reduction.
Key levels are used by traders to identify immediate targets, limit losses, fix profit, entry points.
Resistance levels:
1. $81;
2. $88;
3. $94.
Support levels:
1. $72;
2. $66;
3. $52.
Forecast:
The decrease in the price of Litecoin from the level of $76 and the target in the support zone is $72.
Note
Trend analysis: LTC / USD (Litecoin)Litecoin trend remains descending. LTC / USD is traded in a downward channel with a resistance level of $81 and support of $52.
Current situation:
Today the crypto market has suspended its decline, Litecoin was no exception. The LTC / USD quotation is currently trading near the level of $77. If the Litecoin quotation can overcome the level of $81, the bulls will have hopes for the growth of the quotation to the $88- $94 zone.
Key levels are used by traders to identify immediate targets, limit losses, fix profit, entry points.
Resistance levels:
1. $81;
2. $88;
3. $94.
Support levels:
1. $72;
2. $66;
3. $52.
Forecast:
The increase in the Litecoin price from the level of $81 and the target at $88.
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