LITECOIN Downtrend Continues -- Support At $256

in #litecoin • 6 years ago

Screen Shot 2017-12-14 at 9.26.26 AM.png

Litecoin continues its down trend after a huge run up over the weekend and into the early part of the week. LTC peaked at an ATH of $420.86, and now has support at $256.

Because the run up was so quick, there has been no established price levels, meaning if the $256 floor breaks, the next support level isn't until $200 psychological which was also tested. I'd anticipate this level to be support and hold if the $256 breaks.

All of the coins seem to be cooling down, so we might be due for a period of consolidation, or a started longer pullback.

In any event, happy trading!!

#bitcoin #ethereum #cryptocurrency #analysis
6 years ago in #litecoin by
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