Neo Price Analysis: NEO/USD Could Revisit $100 EOS [EOS] Price and What is Impacting its Moon-Rocketing Flow of 100% Weekly Increase Litecoin price is struggling to break an important resistance at $155 against the US Dollar. LTC/USD may trade in a range before it makes the next move.
The past few sessions were mostly choppy as there was no upside break towards $160 in litecoin price against the US dollar. The LTC/USD pair struggled to gain momentum above the $155 resistance and traded slightly lower.
Looking at the chart, there was a decent support formed near $142 before the price started an upside move. It traded nicely above $150, but buyers could not push the price above the $155-156 resistance zone.
There were many attempts to surpass the $155 barrier, but buyers failed. The stated $155 is close to the 50% Fib retracement level of the last drop from the $165 swing high to $142 low.
The price recently moved down and traded below the $152 support. There was a break below the 50% Fib retracement level of the last wave from the $145.08 low to $156.32 high. Read more from ethereumworldnews.com…
thumbnail courtesy of ethereumworldnews.com