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litecoin

Litecoin: Price Analysis, Nov. 23

LTC/USD

The bulls have been attempting to hold the support at $32 for the past three days, but have not been able to push Litecoin higher.




LTC/USD




Still, the oversold levels on the RSI point to a probable pullback. On the upside, the LTC/USD pair will face stiff resistance at the 20-day EMA and above that at the $47.246–$49.466 zone.

On the other hand, if the bears sink prices below the support zone of $32–$29.653, the fall can extend to the next support at $20.

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