Technical Analysis : Litecoin



LTC/USD, Daily Chart Analysis

Litecoin breached the $180 level amid the plunge, but it remains well above the prior downtrend, still within a short-term correction pattern following the strong post-crash rally. Short-term traders could be looking for entry points near the $170-$180 zone while long-term investors should still hold, as we expect the coin to resume the recovery, with resistance ahead at $200, between $225 and $235, and at $250.

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