LTC has broken down from a symmetrical triangle. The 61.8% retracement level lies just below, around $197.50. However, based on the head and shoulders formation, and the widespread sell volume, I think LTC could find it's way down to the $150 level, find quick support, and then possibly fall further to the $105 area. At the moment, Litecoin's path of least resistance is down.
-Jeremy D-
-Jeremy D-
Komen:
***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.***
Komen:
***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.***
The 61.8% retracemet Level is at $198.50.