RISK OF GRADUAL DECLINE IN LITECOIN

RISK OF GRADUAL DECLINE IN LITECOIN

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Litecoin (LTC) looks like it will gradually go to lower levels.

The Bulls have held the 50-day SMA ($45) for the past few days, but unless altcoin tabs strongly from current levels, the risk of a fall is high.

Below the 50-day SMA, the seventh-ranked cryptocurrency on CoinMarketCap is likely to drop to $ 41.72, followed by $39.

If this support is valid, the LTC / USD pair can remain in the $ 39 - $ 51 range for a few more days.

Alternatively, if the exchange rate returns to current levels, it could reach general resistance at $ 51. If the price falls from that level, target-related action is likely to continue.

But if the Bulls can lift the dry above $ 51, the momentum is likely to rise. The main goal of this new upward trend is $64.


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