Lite Coin has seen phenomenal growth in December. The trend is reversed shortly after the rise. The charts show a clear bearish trend for short and medium term. The price has to break out between 250 - 230 up side this week, to put full stop to this negative trend. On the other hand, it has a strong support level @ 140 to 160 (this week) and if it breaks, price may move downwards in the channel for a longer time.
Short & medium term trend: Bearish
Note: Watch out for price break out @ 250 - 230 this week. to take any new positions.
Short & medium term trend: Bearish
Note: Watch out for price break out @ 250 - 230 this week. to take any new positions.
Comment:
LTC (LTCUSD) is still trading in the channel. Now price is close to the key support level. If the Price falls below 150 to 165 this week, it can go down quickly further and enters a strong Bearish trend.