Litecoin is currently in a tough position.
After a long decline, LTC reached a price level, where it was one and two years ago.
The price dropped even below the strong support line, what is now a resistance.
The try of the Bulls to go above was smashed by the Bears and it is visible, that the buyers are not powerful enough to push the price upward.
The next support line before the downfall, is at 6397.
The price is far below the 30 EMA, what is really bearish.
If the support at 6397 will be broken, the price will crash to unpredictable price levels.
After a long decline, LTC reached a price level, where it was one and two years ago.
The price dropped even below the strong support line, what is now a resistance.
The try of the Bulls to go above was smashed by the Bears and it is visible, that the buyers are not powerful enough to push the price upward.
The next support line before the downfall, is at 6397.
The price is far below the 30 EMA, what is really bearish.
If the support at 6397 will be broken, the price will crash to unpredictable price levels.