If Litecoin loses support here, it’s likely to lose support against BTC too. That would signal a continuation of its year to date underperformance against BTC.
If it does reverse higher, it will encounter significant resistance at 54.50, 56.60 and 59.65 and strong diagonal resistance against BTC.
Until these levels have been cleared it just doesn't seem that LTC is worth trading on the long side.
If it does reverse higher, it will encounter significant resistance at 54.50, 56.60 and 59.65 and strong diagonal resistance against BTC.
Until these levels have been cleared it just doesn't seem that LTC is worth trading on the long side.