Crypto-currency market: lightcoin is preparing to decrease

The LTC/USD pair like the crypto-currency market continues to trade in a downtrend, with this pair trading for the fifth day in the correction phase, which relieved the oversoldness of this instrument.

Turning LTC/USD should be expected in the range from 58.000 to 55.000. Exiting from this range down will indicate the possibility of renewing the decline with the test of support levels: 50,000 and 48,000. The resistance is located at the levels: 58.000 and 60.000.

LTC/USD chart. Current price – 56.000

Read also: “Crypto currency – its main purpose and the reasons for its creation”

Andre Green

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