Technical Analysis: Litecoin (LTC) - Feb 11th

Litecoin continued its downward trend yesterday and tested the lower support. It bounced off the support and is currently on its initial uptrend move. We could see this go higher or lower, however once again we will need to see this current trend resolved before we can decide if we are keeping within the current downward trend or starting a new move up. Look for a lower low to test itself in the next coming days as I believe the price will bounce back down and test that lower support once again.

I still have yet to see anything official come out about the release date of Litepay or any other news surrounding Litecoin this week. Trade well and good luck.