Litecoin price declined further and broke the $155 support against the US Dollar. LTC/USD traded towards the $120 level and it remains at a risk of more declines.
There was no mercy as there was continuous decline in litecoin price from the $165 swing high against the US dollar. The LTC/USD pair tumbled and broke a major support area at $155, which has opened the doors for more declines in the near term.
The pair dropped hard and broke the $145 and $130 support levels as well. It traded close to the $120 level and formed a low at $120.60.
At the moment, the pair is in a sold downtrend and it could even break the $120 level in the near term. Litecoin Price Analysis: LTC/USD Remains at a Risk Litecoin Price Analysis: LTC/USD Extend its Slide On the upside, an initial resistance is around the 23.6% Fib retracement level of the last drop from the $165 high to $120 low around $131.
Above the mentioned $131 level, the next crucial barrier for buyers is around the $145 level. The $145 level is also around the 50% Fib retracement level of the last drop from the $165 high to $120 low. Read more from ethereumworldnews.com…
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