Author Topic: Litecoin Technical Analysis For 6/20/2015  (Read 810 times)

Offline AleppoA

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Litecoin Technical Analysis For 6/20/2015
« on: June 22, 2015, 05:37:03 PM »
The relentless uptrend for Litecoin has cooled-off somewhat the past few days, and some interesting technical levels have formed. If we examine the 1-hour charts, the 2.85 price pivot stands out very quickly. This price level acted as support on the 18th of June (blue arrow). The 2.85 area then acted as resistance today (white arrow), and price also managed to make it above 2.85. It is likely that 2.85 could now act as support again (green arrow) if price descends back down to this area.
http://themerkle.com/speculation/litecoin-technical-analysis-for-6202015/