Litecoin is a great coin, with passionate Charlie Lee behind it (You can follow him on Twitter).
As great as it may be, it sadly crossed big support line (red line which was crossed at $101). After that it fell even further.
Now it's hard to find strong support lines there. One may be at $56, but I'm looking forward those at $45 and $26, as they are set on 88.60 and 94.10% Fibonacci levels.
In my analysis I'm using Fibonacci Levels, Elliott Wave principles, Support and Resistance lines, Candle Patterns and formations, like Head and Shoulders or Triangles.
DISCLAIMER
I’m not a certified financial advisor nor a certified financial analyst. The contents posted by me are for informational and entertainment purposes only. Don't follow any analysis blindly, and make your own decisions. Always plan your trades and play with stop-loss.
If you like my charts, follow me on Twitter https://twitter.com/Woytech
or on TradingView https://www.tradingview.com/u/Voytech/