Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Litecoin Forum => Other Popular Cryptos / Coins => Litecoin News & Updates => Topic started by: MRM on September 04, 2020, 08:26:52 PM
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Litecoin slumped to $54 low after retesting the $63 high. The retest resulted in breaking the crucial support of $60 and the $58 support.
The crypto is making an upward correction above the $54 low. Alternatively, a rebound above $54 support will propel price to break the $64 resistance and the momentum will extend to retest the $68 high. Buyers must break above the EMAs or $58 to remain in the uptrend zone.
The coin will resume an upward move to retest the $68 resistance if buyers are successful. Litecoin will further depreciate to $52 or $48 low when buyers fail to push LTC above $58 high. More so, when sellers push the price below the current support at $54. Today, LTC is in a bullish momentum approaching the $58 high.
Source: https://coinidol.com/litecoin-disintegrate-low/