Litecoin : Price Analysis, March 26

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LTC/USD

Our long position in Litecoin recommended at $165 is under loss. Traders who have initiated long positions should keep the stop loss at $142.




LTC/USD




The LTC/USD pair has again fallen below the downtrend line, which is a bearish sign. A critical support is the March 18 lows of $144.544. If this level breaks, the support line of the symmetrical triangle can provide support at $127, below which a retest of the February 02 lows of $107.102 will be on the cards.

The virtual currency will turn bullish only after it breaks out of the $200 levels.

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