Until recently, Litecoin has been one of the most stable currencies on the market. It is now looking for a new level to settle. Recent actions of the Chinese authorities have had great influence on the digital currency’s movement.
- Litecoin has now reached $57 and is traded at around $51. There is a positive trend to move upwards to the previous maximums, following the market’s trends.
- A breakthrough is possible from the downtrend line. It won’t be positive, however, until it leaves $60. It is likely to remain in the $45-$57 range for the next few days.
- Don’t forget to pay attention to the critical levels of support and resistance — $45 and $60 respectively.