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Litecoin price analysis: Important info. to keep in mind.

A logarithmic chart on the Daily tf is presented in this Litecoin analysis.

Over 11 months of price action is shown which includes price at a high of ~$370.78 (December 19, 2017) to current date.

Litecoin price analysis

The simplest way to describe trend since December 19, 2017 is unquestionably a downtrend in Litecoin as it is for most of the cryptocurrency space.

A bearish channel is used in this Litecoin analysis to highlight the current downtrend. $23.52 and $16.16 indicate the price levels anticipated for consolidation in price and/or bullish momentum to likely resume.

Price breaking below the $16.16 implies more selling.

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Interested in Bitcoin analysis (BTCUSD)? Check out our previous work here. Moreover,  GBPCHF analysis (FX) can be found here.


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