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- LTC drastically rebounds from long-term support.
- I can not run fast enough, the resistors fix the bulls.
Litecoin, the crypto, has managed to rebound from the lowest blow after the recent sell-off, but not enough to call it a long-term fund, while there are many resistances in its journey even when the bears are preparing for their next assault.
LTC / USD down about 1.7% per day to $ 33.53, not far from the low of the day. The recent low of Litecoin after the sell-off, co-recorded with a long-term support on the daily chart, giving a bit of momentum to the bulls to take battle in their hands while the bears looked tired after a sell-off that has seen prices fall by almost 36 percent in November.
Although this is a good sign, but not the best, the bulls face more resistance in their journey. First they have a 21-day SMA at $ 36.63 and then 21 days of EMA at $ 36.73. If they are crossed, they have an important long-term obstacle in the form of a long-term downtrend line of the long-term triangle, set at $ 38.857. Just let the bears take control in their hands.
LTC / USD daily chart:
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