- 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.
- R3 75.6008
- R2 74.4532
- R1 73.38
- PP 72.2325
- S1 71.1593
- S2 70.0117
- S3 68.9386
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