Crypto-currency market: lightcoin returns to a downtrend

The pair LTC / USD, after short growth attempts, couldn’t develop the upward dynamics, as well as crypto-currency market in general. In turn, this pair has significantly adjusted after the decline and is going to resume the decline on the return to the downtrend.

So, on the way to the resumption of the downtrend of LTC / USD there is support of 83,000, consolidation below which will open a way to the support levels: 79.000 and 72.000. Resistance is located on the marks: 87.000 and 90.000, breaking through which calls into question the safety of the downtrend.

LTC / USD Chart. The current price is 84,700.

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Dani Levitan