Technical analysis of Litecoin for November 17, 2021

analytics61949bcf8ca0e.jpg

Litecoin faced bearish pressure, dropping by 19% from last week's peak of 295.80. We are sure that bulls find it irritating. Only a break below short-term key support of 140 will flip the bias from bullish to temporary bearish.

So as long as key support at 140 is able to protect the downside, a break above minor resistance at 245 and 281.32 may occur. If so, it will confirm a new rally to the Cup with Handle resistance near 376.

The material has been provided by InstaForex Company - www.instaforex.com

from RobotFX
- Need a custom expert advisor?
- Try the Complex Trader EA.

Share this:

Forward
Backward