LTC / USD next stop possibly $ 20 territory

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  • On Monday, Litecoin's price fell by 11%, one of the best under the performers.
  • LTC / USD trades around a supportive area of ​​support, $ 37-36, subject to another freefall if violated.
  • Next important support for the downside eyed within the first 20 $ of the territory, where the price was consolidated between May-June 2017.

Weekly chart LTC / USD

Spot rate: 37.27

Relative change: -11.90%

High: 42.11

Low: 36.33

Trend: bearish

Support 1: 37-36.00, daily support area.

Support 2: 21.10, support during consolidation from May to June 2017.

Support 3: 15.72, last trade October 2017.

Resistance 1: 43.12, maximum 18 November.

Resistance 2: 44.13, daily resistance.

Resistance 3: 50.00, psychological resistance.

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