Litecoin on 4-week maximum try to broke the downtrend

In last review we wrote about the risk of avalanche-like fall of LTCUS rate. There was no fall. And, like it usually happens in such situations disappointed bears with cheered up bulls raised the market significantly. Litecoin has been attacking downward trend on 4-weeks maximum. Trading volumes are very low. The down trend has not been broken. Both fast and low moving averages are higher than current price and they have been decreasing. So, it is an ideal moment to open short positions. The zone of medium-term resistance starts from $ 105. The support is from $ 75. Further decline (after developing correction-consolidation) is more likely.

Wish you profitable deals!
Follow our reviews!