Sophia's Blog

Sophia's Blog

Litecoin Preparing for another downside from $135?

Our Litecoin price analysis shows that the market is slightly bullish today. Yesterday, there was a decline from $133.41 to $128.83 before the market started retracing at 13:00. At the start of the day today, there was a rapid drop from $132.11 to $127.22 in a single hour.

  • Litecoin market remained slightly bullish today
  • Resistance momentum is slowly increasing around $136
  • LTC is possibly preparing for another downside to $133

But from there, LTC again began retracing until it reached $131.7 in the 4th hour. Between 12:00 and 16:00, the market has again become bullish with a rapid increase to $135.49. From here, Litecoin is preparing for another downside in the next 24 hours.

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