Crypto-currency market: lightcoin is preparing for a correction

After a significant decrease in LTC/USD during the week, the pair formed a “double bottom”, which indicates the possibility of correction. An additional factor indicating the resumption of growth was the return of this pair of higher psychology 49.000. Deals on purchases should be considered in the range of 51-52.000, with objectives: 53.000 and 55.000. Support is located at the marks: 50.000 and 49.000.

LTC/USD chart. Current price – 51.000

Read also: “Patterns of Technical Analysis: “Ascending” and “Descending” Triangle “

Andre Green

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