Litecoin Drops Below 0.008 | Bokka
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Litecoin Drops Below 0.008

Bokka Crypto Technical Analysis LTC/BTC 31.10.18

LTC/BTC

Daily Review

As we published in our previous report, Litecoin has finally broken its descending triangle formation and dropped below 0.008.
Returned volatility on crypto markets led to wild price swings over the past few days.
Currently, LTC is shaking hard in a narrow range, establishing the 0.008 level as a new resistance and 0.0078 as a new support.
On the 4-hour chart, the MACD is staying in a bearish zone, so we expect that Litecoin will likely continue its downward movement.

Market Parameters

Current Price = 0.0078 BTC
4-week High = 0.0090 BTC
4-week Low = 0.0076 BTC
Market Cap = $2.89B
24h Volume = $332M

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