LTCUSD Unable to Hold the Downtrend

LTCUSD CHART PRICE – LTCUSD DAILY

Litecoin has been fighting back to gain some territory but the market resists, it has been up and down this week but so far with a loss, we see that the bollinger bands are slowly opening up which is a good sign, we could expect volatility in the upcoming days, the overall trend in down, we see the moving averages getting wider and the price trading way below the ichimoku cloud, the price is finding a resistance at 45.75 which is a crucial level, if the price is able to break it we could see the start of an uptrend, if it doesn’t, then the price will continue to move sideways for a few trading sessions.

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.