COINBASE:LTCUSD   Litecoin / U.S. Dollar

* We always provide both the bullish and bearish scenarios because the traders should be aware of what to expect in both cases.

As the sentiment in the whole cryptocurrency is weak, LTC fell to $150 level today. It bounced back quickly to $165. On its way up, LTC will find resistance from the level between $175 and $193 where moving averages are located now. Once the bulls clear this zone a rally to $215 is possible.

On the contrary, LTC will find support from the 200-day SMA and $135 level thereafter $100.

Please be noted that I'm just giving the possible higher or lower levels developing according to the chart patterns. It's my own analysis. You should conduct your own research when making a decision.

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