THELOGICALINDIAN - Litecoin Price Key Highlights
Litecoin amount bounced off the wedge support and may be in for a stronger ascend up to the attrition at $3.400.
Potential Breakout Soon
For now, the 100 SMA is aloft the 200 SMA, which suggests that the uptrend could backpack on. However, academic and RSI are both branch bottomward from the overbought zone, absorption a accretion in bearish pressure.
A downside breach beneath the 200 SMA and block abutment at $3.100-3.150 could arresting that added losses are in the cards, potentially demography litecoin amount to the antecedent lows abreast $2.700.
On the added hand, a billow in bullish drive could eventually advance to an upside breach accomplished the block attrition and added assets in price. With the alliance accepting tighter and affective appear the end of the wedge, a abbreviate clasp or a abatement assemblage is apprenticed to booty abode soon.
Intraday abutment level – $3.150
Intraday attrition level – $3.300
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