CryptoComes

Litecoin - The rally was interrupted, but it is unlikely to end.

KRAKEN:LTCUSD   Litecoin
On the hourly chart, we see that the quotes are moving down once the Head and Shoulders pattern is formed. LTC could not hold the $88 level, and bears pushed the coin below the support zone.

The current price of Litecoin does not look the bottom, the rate may go down to one more critical level at $84, after which the bounce back is likely to happen. The decreasing trading volumes are about to update their local minima, which serves the confirmation of the price drop.



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