Litecoin grew up really fast, but last days we can see red numbers. Why? And how far can it go?
Right now the LTC price is little over 55 USD and it is falling down very fast. We can find first resistance exacltly on 55 USD, but when I see how big power down the market has, I guess that this resistance will be broken. Than we have another one, which is reallly strong, on cca 50 USD. This resistance could stop the falling and bounce it back to 63 or even 72 USD.
The RSI says us almost the same - LTC USD is not oversold yet, but it is near (it can go 5 usd down).