Litecoin(LTC): Possible Further Move To Lower Zones

Litecoin is the first one that caught our attention with a breakdown of both 100 and 200 EMA. We are also seeing that the price has stopped (the dump) just near the Litecoins trend line, which has rejected the price as of now.

We see a price to move inside that triangle formation for a while before further movement to lower zones (if we see a breakdown of that trend).

Swallow Team

Comment:

Litecoin has made a few touches to that upper re-test zone, and as we can see, rejection after rejection,.

We are still keeping an eye out for any further weaknesses here and also in the 200EMA (which seems weak to us and has lost all dominance as a zone).

Comment:

Litecoin is still pretty neutral after that massive breakdown. While we do not see any signs of recovery yet, we still keep an eye on that branch of EMAs in a smaller timeframe.