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Analyst claims Litecoin price could be near an absolute bottom

Trend analyst on Tradingview has predicted that Litecoin could be near an absolute bottom. According to the analyst, the price of Litecoin could retract to $41.50 if it breaks the support level. Currently, Litecoin is trading at $55.36.


Trend analyst on tradingview has warned that litecoin could be near an absolute bottom. The MagicPoopCannon, with over 68,000 followers on Tradingview, reported that LTC is following the same trend it followed when the price reached its lowest. The analyst further predicted that if the price falls below the support level, it will go on to touch $41.50.


This month the price of Litecoin mostly remained between $50 and $55. At the time of writing, the cryptocurrency is changing hands $55.36. The current price of Litecoin is just below the 200 week MA. According to the analyst. LTC could be in a very large uptrend channel, but the price of the coin battled with the lower trendline in the early days of its formation. Read More...

Litecoin Looks Like Its Close to Bottoming

#LTC

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