Litecoin price is holding the $204 support level against the US Dollar. LTC/USD needs to move above the $210-212 resistance to challenge sellers near $218.
· Litecoin price succeeded in holding the $204-205 support zone (Data feed of Kraken) against the US Dollar. · There is a short-term bearish trend line forming with resistance at $210 on the hourly chart of the LTC/USD pair.
· A break above the $210 resistance could push the pair towards the $218 and $220 resistance levels. There was a minor downside reaction below $210 recently in litecoin price against the US dollar.
The LTC/USD pair was not able to stay above the $208 support and declined towards the $204 support. The recent low formed was $205.96 and the pair is currently correcting higher.
It has moved above the 23.6% Fib retracement level of the last drop from the $216.41 high to $205.96 low. However, there is a major resistance near $210, which is preventing further recoveries. Read more from ethereumworldnews.com…
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