LTCUSD Loses Ground

LTCUSD CHART PRICE – LTCUSD DAILY

Litecoin lost some ground on yesterday’s trading session and so far is indecisive on where to go next, the price almost reached the resistance and the support in the same day, the Relative Strength Index is at 68% which means we should not be surprised if it starts dropping a bit, the bollinger bands are opening up hence we can expect volatility, as we have stated before it is very hard trying to predict the movements of cryptos on current conditions as they are driven by fundamental factors more than technical, dealing with cryptos at this point can be risky, it would depend on your risk tolerance whether you want in or prefer to stay out for now.

This post does not provide Financial Advice for traders, its merely purpose is education, use all the information available from different Analysts and build your own strategy, trading is not for everyone, you should only trade with money you can afford to lose, past performance is not an indicator of future results.