FX.co ★ #Litecoin chart analysis
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#Litecoin chart analysis
In the last couple of trading days for #LTC sellers have been quite active, and as a result of the decline they organized we managed to break through the calculated support level at 63.10, however with the price holding below that level problems already emerged, although volumes were fairly high and gradually increased, which against the background of the subsequent rally and the reverse breakout of the indicated level looks like an attempt by large buyers to resume entries into positions. Summing up, my priority is buying, so for #LTC today I will expect a bounce from the support level at 63.10 and a resumption of upward movement toward targets at the nearest calculated resistance level of 65.00 by the end of the current day.