Litecoin Technical Analysis: LTC/USD falling price caught by safety net after burning in the deep south
|- Litecoin price gets dragged lower by the market bears, nursing losses just shy of 10%, through the mid-point of Thursday's session.
- LTC/USD receives a late bounce from big support area just sub-$51.00 level.
- Crypto expert from finder panel, Craig Cobb, predicts $50 per coin for 1 November 2018. Craig further explained that because the chart is messy, it’s difficult to predict anything other than short term.
LTC/USD 4-hour chart
Spot rate: .52.832
Relative change: -12.67%
High: 58.530
Low: 50.949
Trend: Bearish
Support 1: 50.700, 19th September low, big support area.
Support 2: 47.210, 12th September low.
Support 3: 42.350, demand zone.
Resistance 1: 52.750, resistance on 4-hour chart.
Resistance 2: 54.750, supply area.
Resistance 3: 57.900, pre-selloff level.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.