Litecoin is facing pressure just like Bitcoin and has been unable to cross the major resistance level of $2.08. However, as mentioned in yesterday’s analysis , it has again respected the 20-day simple moving average of $2.019, boosting investors’ morale. Litecoin analysis The “Long” recommendation is based on the technical analysis done on the 240-minute LTC/Dollar price chart. Here are some noteworthy observations:
Price Structure – As can be seen from the chart, the price […]
