Ripple Price Analysis: XRP/USD Remains in Downtrend Litecoin Price Analysis: LTC/USD Remains Bearish Litecoin price is under a lot of pressure below $135 against the US Dollar. LTC/USD may extend the current decline and it could even test the $100 level.
It seems like sellers are in control as litecoin price declined below the $140 level against the US dollar. The LTC/USD pair is now placed well below the $148 and $150 resistance levels, which is a bearish sign.
Recently, the price corrected a few points from the $138 swing low, but the upside move was capped by the $145 level. The last swing low was $129.75 and it seems like the price may continue to move down.
On the upside, an initial resistance is around the 23.6% Fib retracement level of the decline from the $145 high to $129 low. However, yesterday’s highlighted crucial bearish trend line with current resistance near $135 is still intact on the hourly chart of the LTC/USD pair.
The pair remains in a bearish region and it could decline further below the $129 low. The next stop could be the $120 level. Read more from ethereumworldnews.com…
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