Litecoin Technical Analysis: Will the trendline break hold?
|- Crypto sentiment remains weak on the last trading day of the year.
- LTC/USD is 1.66% lower today and we are looking to see if the trendline retest will hold.
LTC/USD Daily Chart
Litecoin did break the trendline but the bearishness has kicked back in during the holiday season.
The LTC/USD price is still under the 55 and 200 daily EMA's which is a bearish sign.
The RSI is also in a bearish zone under the 50 mid-line but a bullish divergence may be forming.
The key support is 35.88 as if it breaks the price will make a new wave low.
Longerterm the trend looks set to continue and there the only sign of a bullish reversal is the trendline break.
 (7)-637134039266682588.png){kind=link}
Additional Levels
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.