Author Topic: Litecoin Technical Analysis For 10/31/2015 – Price Heading Lower?  (Read 621 times)

Offline m3

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Litecoin, went from a sideways grind in the $3 area for most of October, to a high of $4.40 in the space of two days. However, the momentum seems to have evaporated and some nice pivot zones has formed over the past 24h.

The $4.00 level has been used as resistance about three different times in the past 24 hours, and also once as support, so this is a very clear-cut pivot zone in my eyes. Any market rally over the next few days will more likely encounter problems at $4.00!

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