LTCUSD Testing Resistance at 45.75

LTCUSD CHART PRICE – LTCUSD DAILY

It looked like Litecoin was making progress during last weeks trading sessions, it broke the resistance a few times but it has not been able to confirm the breakout of the resistance, today it is currently losing 0.48% which is not much, but since it broke the resistance today with a high of 47.78 and bounced back below that level this could be seen as if it is testing it, we would need to wait a few hours in order to make a trading decision, at this point the price could continue itr recovery or it could bounce to the mid 40s levels, although the relative strength index is lowe, and we should expect the price to climb based on technical indicators, the price is close to its lower bollinger bands which indicates that the price is relatively low, we would need to wait for clear signals.

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.