Litecoin : Price Analysis, March 16



Litecoin is trying to pull back towards $186.823 levels, where we expect another bout of selling by the bears.


Both moving averages, the downtrend line and the horizontal line, all converge around $187 levels making it important resistance. If prices turn down from the resistance and break below $157.236, it might fall to $141.

The LTC/USD pair will indicate strength if it can sustain above $187 levels for a day.

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