Lite Coin has seen phenomenal growth in December. The trend is reversed shortly after the rise. The charts show a clear bearish trend
for short and medium term. The price has to break out between 250 - 230 up side this week, to put full stop to this negative trend. On the other hand, it has a strong support level
@ 140 to 160 (this week) and if it breaks, price may move downwards in the channel for a longer time.
Short & medium term trend: Bearish
Note: Watch out for price break out @ 250 - 230 this week. to take any new positions.