Litecoin had finally calmed down after the dynamic rally in the first half of December. This could end now.
In the ranking of the largest crypto currencies, the peer-to-peer Internet currency has recently lost some places. From the all-time high of $ 420, the price had halved until last weekend. In the $ 200 support area, the Litecoin is now trying to stabilize and reverse the trend after several weeks of downward correction. He presses down from the trigger area at 255 - 260 USD.
DISPLAY
If it comes to a breakout above $ 265, the chances of a resumption of the parent rally are good. Next to the high at 420, the next price targets are in the range of $ 600 and $ 800. Later, four-digit courses would be conceivable.
On the other hand, a relapse below $ 200 would be critical. Then it could come to an extension of the correction and thus to dues to 145 or 100 USD. In the long term, such a deep correction would not be critical. On the contrary, the $ 100 area could provide new, counter-cyclical entry opportunities.