Litecoin (LTC) Technical Price Analysis, June 18, 2018

Lite Coin.jpg

Litecoin (LTC)

Litecoin continues to trade below the breakdown levels of $107.102. This shows a lack of urgency among the buyers. After a breakdown from a bearish pattern, the path of least resistance is on the downside. So, a decline to $84.708 and $75.131 levels is probable.

However, if the LTC/USD pair doesn’t move lower, it will indicate that the sellers don’t want to part with their holdings at these levels.

The bulls will face stiff resistance at the 20-day EMA, which is close to the $107.102 mark. If the cryptocurrency breaks out and sustains above the $107.102 levels, it will invalidate the bearish development and will offer the traders an opportunity to go long. Until then, it is best to remain on the sidelines.

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