Crypto-currency market: lightcoin slowed down

Litecoin, LTC/USD, like most crypto currencies, has slowed down the decline and forms a “double bottom”, which in the end may indicate a further rise in the value of digital currencies. But it should be noted that the descending channel, despite the slowdown, remains in force and it is too early to speak about the output of crypto-currencies since the peak.

So, previously published expectations for a decline in the pair LTC/USD remain in place, but the stop has fallen to the mark of 120,000. Fixing the pair below 117.000-115.000 will indicate the resumption of the decline. A protective buy order can be placed at 120.000 with a stop 117-116.000.

Fig. LTC/USD. Current price – 117.000

Also, read: “Crypto-currencies of the world: Litecoin and its differences from Bitcoin”

Dani Leviant