Litecoin: Expect a short-term rebound

  • LTC falls below the key trendline.
  • Expected rebound, it may not support.

Litecoin, the crypt as a good disciple, followed other majors and broke the key levels and under the trendline support on the medium-term chart, down to the lower end of the Bollinger bands.

LTC / USD is up nearly 2 percent on the day to $ 42.53, just a bit below the high point of the day. On the 720-minute chart, LTC broke a key support line this week, following all the other major cryptocurrencies like BTC, ETH, BCH, in a sign that the bear market started at the start of this year for the cryptic world, it is not finished yet.

It is expected that there is a rebound, just like today, which could extend to the center of the bollinger bands, co-incurring with the very trending support broken by the bears this week, about $ 47 that is.

720-minute LTC / USD chart:

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