Litecoin(LTC): 100EMA Working Well

100EMA has been holding the price steady, so as long as we are below this 100EMA and bulls have no control over it, we should see further movement below this line.

We are monetizing this coin and looking for any potential significant rejection to happen, which would lead the price to lower the target zone.

Swallow Team

Comment:

Litecoin had a nice touch to 200EMA, which previously had been marked as a starting point for downward movement.

If price stays below this 200 EMA now, then we have a great chance of seeing a smaller downward movement eventually forming a smaller support zone as well.

Comment:

While LTC was holding nicely, it seems that this time the holding of the 200EMA zone comes with a bigger struggle.

As we can see, after the last touch of that zone, the price had a nice downward movement, but currently it is re-testing this zone again (and as of now, it is not looking good for sellers).

While price has not yet secured the zone, we need to monitor for any potential breakouts with confidence or a full rejection from there.