Litecoin: If these hurdles are jumped, then it goes up rapidly!
- Which resistances have to be broken?
- 60 percent below the all-time high from 2017
After Litecoin was above 180 US dollars, the correction was followed by a setback towards 120 US dollars - a setback of around 40 percent. A deeper crash was only prevented by the cross support from EMA50 and Supertrend at 117 US dollars. Even if the Litecoin price has recovered in the last few days, it was not possible to reach the resistance at 163 US dollars - the Litecoin price moved well below 160 US dollars.
Pay attention to resistance and support lines
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Decisive resistances that the Litecoin has to break are:
185 US dollars as well
190 US dollars.
Ab $ 219 can be spoken of as a bullish signal - followed by resistance
$ 265 and then at
340 US dollars.
Please note the following support lines:
$ 126 as well as
When falling below the 98 US dollar line it could then head towards
$ 89 or
$ 84 .
There are still no relevant price jumps that suggest that Litecoin will be "bullish" in the coming days. Are there any "bearish" signs? No, these are not (yet) available either. The Litecoin has been moving sideways for days (between US $ 135 and US $ 155).
The Litecoin price seems to have calmed down. Since Litecoin is more than 60 percent away from its all-time high, which was 360 US dollars and was set in December 2017, there is still enough room for investors.
Nevertheless, there is always the risk of possible setbacks. Bitcoin-News.One tip: You should keep an eye on Litecoin - but also the developments in other crypto currencies.