LTCUSD on the Same Range

LTCUSD CHART PRICE – LTCUSD DAILY

Litecoin has been trading in the same range for some days now, it could drop to its support level at 45.75 in the short term, we see that the relative strength index is currently at 39% which suggest that the price could continue dropping for a few more days, the bollinger bands are getting wider meaning that we can expect high volatility in the pair, the moving averages are very apart from each other indicating a downtrend could continue while the Ichimoku cloud is above the current price, we would not be surprised if the pair moves to its support before being able to recover some ground.

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.