LTC/USD technical analysis: Litecoin dumps and nears and important support zone
|- Litecoin falls 4.29% for the session and dips under 70.00 again.
- Price is now headed to an important support zone at 67.73.
LTC/USD breaks through the psychological support zone of 70.00 and now is looking for support at lower levels.
Price is now headed to the trendline support that matches with a horizontal support level that has proved useful in the past.
Price action is looking extremely bearish and a lower high lower low has been formed.
The RSI is now headed to the low oversold bound on the four-hour chart.
The mean value area on the chart is 72.94 but on the distribution below it stands just below 67.00.
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.