Litecoin News: In this article, we will give general information about the current status of Litecoin (LTC) and how it can follow. It is currently trading at around $106. You can also see the support and resistance levels below:

 

 

Resistance levels: $135, $145, $155
Support levels: $80, $70, $60

LTC/USD remains below the moving averages (MA) on the 9-day and 21-day charts, while it could retreat to the nearest support level at $105. The downtrend may continue as there is no support at this level. Therefore, the main expected support level is located around $100, a drop to this level is possible.

LTC is trying hard to top the intraday action in the market action, but starting at just $100, a rebound can occur and if the whales step in it can push the market back up and push the Litecoin price up, LTC/USD could overtake the pair.

LTC support and resistance levels

If there is an uptrend, resistances are met at the tops of the downtrend at $135, $145 and $155, and if it continues to advance in the downtrend, there are strong supports at $80, $70 and $60. Falling below these support levels may allow for a sharp second decline.

Entering the market at these levels carries a lot of risk. It will be the best option for you to make your investment decision after seeing how long it can hold on to the support or resistance levels.

LEAVE A REPLY

Please enter your comment!
Please enter your name here