Litecoin has officially entered a critical level. I love bollinger bands and I feel they work very well for crypto, so we see watch the 20 month average, which we sit just above right now. As with most coins, it has been a long term drop from their all time highs. We hope to see support at the 20 period average which were only two dollars over it at the moment, though the last few weeks have been good for the coin.
The weekly chart has been grim, well below the 20 week average. the last three weeks have been good, but unless we see a break over $80, and sustained, Litecoin will have a long term bearish outlook.
The weekly chart has been grim, well below the 20 week average. the last three weeks have been good, but unless we see a break over $80, and sustained, Litecoin will have a long term bearish outlook.