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Litecoin: Price Analysis, October 31

LTC/USD

Though Litecoin has broken below the support at $49.466, the bulls are trying to defend the Sept. 12 intraday low of $47.166. If this level breaks, a fall to $40 is possible.




LTC/USD




If the LTC/USD pair bounces from the current levels, it will face resistance at the moving averages, which are trending down, and the downtrend line of the descending triangle.

A break out of $60 will indicate the probability of a change in trend that will be confirmed on a close above $69.279. We shall wait for a new buy setup to form before suggesting a trade on the pair.

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1 comment

ergfir nolikz January 10, 2019 at 7:58 pm

Magnificent web site. Lots of useful information here. I’m sending it to a few friends ans also sharing in delicious. And of course, thanks for your effort!

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