Litecoin (LTC) Finally Forms A Strong Bottom, Prepares For Trend Reversal

2018-9-27 18:30

Litecoin (LTC) appeared extremely weak when it fell below the 21 Week EMA. The decline was a very sharp and steady one. Debates over value proposition of Litecoin (LTC) began to surface and a lot of investors and analysts were convinced that Litecoin (LTC) might break market structure and fall significantly below $50.

However, as the above weekly chart for LTC/USD shows, Litecoin (LTC) did an excellent job at not only defending key support levels but also forming a strong bottom.

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Litecoin (LTC) на Currencies.ru

$ 124.66 (-3.16%)
Объем 24H $1.518b
Изменеия 24h: 4.74 %, 7d: 18.55 %
Cегодня L: $121.45 - H: $128.72
Капитализация $9.415b Rank 17
Цена в час новости $ 62.57 (99.23%)

ltc litecoin bottom below reversal forms trend

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