Sameer_Basha
Panjang

LTC price overview and possible entry levels

BITSTAMP:LTCUSD   Litecoin / Dollar
Looks like BITFINEX:BTCUSD             bearish cycle is effecting the price of BITFINEX:LTCUSD             .
The price already broke 20 day and 50 day moving average, based on the indicators the price is still in a bearish mode. The 61.8% and 100 day moving average might act as a strong support zone , the possible entry levels are between 220 and 200 with stoploss at 165.
The targets are 264 and 305.

Note: The analysis will work if the price of BITFINEX:BTCUSD             is stable.
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