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FX.co ★ #Litecoin chart analysis

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Trader Journals:::2026-11-08T14:06:07

#Litecoin chart analysis

#Litecoin / Litecoin / LTCUSD - the bearish panther indicating a price decline remains in effect, which is not offset by a bullish panther indicating a rise, unlike for Ether and Bitcoin. Here the bearish panther for a decline was formed on October 29, 2026, and since then sellers have only been pushing the price down. There has not been a single close above the previous day's high such that the previous day's low was not also broken. We hit the targets 52.77, 51.99, 51.25. We set a new target for the price decline at 50.98. That is most likely what we will reach tomorrow. The intermediate target for the price decline is 51.54. There is no formation of a bullish panther here to forecast a price increase. Therefore I forecast a decrease in the rate. The current resistance level is around 56.95.

#Litecoin chart analysis

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