Crypto-currency market: lightcoin might undergo correction

The last week the crypto-currency market continues to show a downward trend. In recent days, the decline has accelerated, which was caused by the news that the US prosecutor’s office is carrying out fraudulent transactions with crypto-currencies. Bitcoin turned out to be under pressure dut to this news.

The pair LTC/USD also declined, but recovered quickly, which may indicate the flow of assets into this coin. Fixing of lightcoin above 120,000-122,000 may indicate a more significant recovery to resistance levels: 125,000 and 128,000. Supported by the marks: 115.000 and 113.000, the breakdown of which will indicate the resumption of the decline.

Fig. LTC/USD. Current price – 119.000

Also, read: “The collapse of Bitcoin: what one should expect for? The answer is in the history of price changes»

Dani Leviant