Crypto Chart September Review II / LTC - BTC
Peace
I hope you are doing well this morning or afternoon. The price of the token presented below on the weekly chart is briefly reviewed in a short report. It is important to remember never to invest more than you can afford to lose. The opinions given in this article are only for educational purposes. Please I recommend you to conduct thorough research on the crypto you are targetting before any action in this volatile market.
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The price on the weekly chart describes the evolution of Litecoin token against BTC. The candles record the price of seven days of variation on the market. The LTC prices are moving down and located as I am writing this article around 3691 Satoshi. The blue line just above that price represents one of the last resistant lines. The prices broke below the floor. The trend doesn't look comforting at all. The token is decreasing in value below the blue resistant line. The moving average confirmed this downtrend in the LTC prices for the coming two weeks. However, there is no crossing of the moving average line so the volatility of the token may not change for a while the outcomes of the previous analysis. I expect the traders will react on the market and prove me wrong otherwise, hold your bag of Litecoin as the prices dive.
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