Crypto-currency market: lightcoin is preparing for a correction

The LTC/USD pair was in noticeable oversold after the last week sale. Against the background of the formation of the bottom, at the level of 26.000-25.000, it may indicate a correction when returning above the mark of 26.000. So, after breaking through this level, we should expect the formation of a correction against the weekly decline with the test of resistance levels at the levels: 32.000 and 34.000. Support is located on the marks: 24.000 and 23.000, the update of which will cancel the expectations for growth.

LTC/USD chart. Current price – 25.400

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Andre Green

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