LTCUSD Fights to Reach Resistance

LTCUSD CHART PRICE – LTCUSD DAILY

After breaking the support at 45.75 litecoin bounced back and gained 3.20% on the previous session, today it is down 0.4% with very little hopes of breaking the resistance level, since the bollinger bands got extremely narrow we are not to expect high volatility nor make an accurate prediction, it is very likely that the price would move sideways for at least the remaining of the session, the relative strength index remains unchanged at 35%, the price is relatively low as it trades very close to the lower bollinger band, I would suggest traders to wait for a clear signal before trading this pair.

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.