Litecoin Trying to Break $81.50

in litecoin •  7 years ago 

Litecoin is seeing a lot of resistance today at $81.50. This level has continued to be an area that LTC cannot close above. Volume still remains on the decline. LTC should probably experience a pullback to gain strength before testing this level again.

Support currently sits at $77.38. Upper resistance sits at $82.72, so once LTC can close above $81.50, it'll need to test a close above upper resistance.

Screen Shot 2017-09-07 at 10.39.47 AM.png

Some technical indicators on the 4-hr are now rolling over to show bearish pressure, however Stochastic RSI and MACD remain bullish.

We will probably experience sideways trading for a little while as we lie in this channel and volumes decline. A break of $77.38 will indicate a pullback highly possible. Support sits at $74 if $77.38 breaks.

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Inverted Head and Shoulders formation. Must wait for a break of the trendline. If the daily candle close above that last, that can be very positive for bull movement.

i am just getting the feeling that ltc will dive to under 50.
Its my six sense.
Don,t take it too serious

I've thought that too. It went parabolic not too long ago and vertical movements aren't sustainable. Before that it was in a linear uptrend. Will be interesting to see what happens. Whole crypto market is massively overbought and over hyped though.

What i told you 1 week before ops!