Litecoin: Price Analysis, April 11

3

LTC/USD

We are yet to see the buyers return to Litecoin. It continues to languish near the April 01 support levels of $114.706. It has not even pulled back to the 20-day EMA, which shows weakness.




LTC/USD




We shall wait for prices to break out of the downtrend line 1 and the 20-day EMA before proposing any trades.

On the upside, a close above the 20-day EMA will push the LTC/USD pair towards the downtrend line 2.

Conversely, if prices break below $114.706, it can slide to $107.102 and thereafter to $84.706.

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