Litecoin Clings to Support

BITFINEX:LTCUSD   Litecoin / U.S. Dollar
Litecoin has edged downwards to continuously press the lower bound of the KRI . Both Kovach Momentum Indicators have turned bearish , and this is true across the board. It is now apparent that we are in wave 2, which began February 20th when we hit a relative high. LTC is currently clinging to support at $180, after testing and rejecting $176 yesterday. This level has been explicitly identified many times here. If bearish momentum picks up, then we have more support from below at a nested Fibonacci level at $162, which has also been identified many times here. When momentum reignites, LTC must break $189, $200, $208, $210 and $220 before considering $236 again. Overall, we seem to have broken down from a bull flag which is not encouraging.

Interested in the Altcoin Index and the Crypto Spread Indicator? Check them out here!

For daily commentary on cryptocurrencies, subscribe to our newsletter!
Check out my indicators!
the top 50 wallets just received around 2 millions LTC lately,they trying to support it at this level unless the decide to dump soon
+2 Reply
quantguy afreet77
@afreet77, these are critical levels. lets hope they hold
+1 Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out