Posted on Leave a comment

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.

Sign up now  for full access to our premium research and analysis to learn more about Litecoin analysis, price prediction, other cryptocurrencies, and Foreign Exchange (FX) pairs.

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

 

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.