Litecoin Price Analysis: Big confluence area acting as support
|- All of the major cryptos are lower today and Litecoin is down over 4.5%.
- There is a good support level close but and the price has bounced off nicely.
LTC/USD 4-Hour Chart
Litecoin has moved lower on Monday much like all the crypto majors.
The 78.6% retracement nicely matches with the 200.0% extension level.
The price looks like it's trying to bounce here for a move higher but the sentiment is soo negative at the moment.
If the price does break lower the 261.% extension lies in wait.
Alternatively, if the price does move higher from here resistance could be found at the 55.98 previous wave low.
Additional Levels
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