Technical analysis Litecoin LTC/USD - 11.01.2018
Litecoin ranks sixth in the cryptocurrency ranking in terms of capitalization. Its price dropped more than 5% in the last 24 hours. As you can see in the picture below, the last 24 hours bring increases only for Ripple, which fell from second to third place in the ranking.
From a technical point of view, the price oscillates once again at the support of 225 USD. This support is also the place of lifting Fibo 50% of the entire last growth impulse. If the place fails to defend the price before further declines, then we will have an open road until next support in the area of 185 USD. An upward reaction should be expected there.