Litecoin Price Technical Analysis for 30/3/2015 - Range Trading

Litecoin Price Technical Analysis for 30/3/2015 - Range Trading

Litecoin price has yet again respected the low of $1.60 and bounced off, with the latest value of each Litecoin at $1.67. I had mentioned earlier that trading should be done near the extremes of the trading range to minimize the risk and earn better returns. An analysis of the 240-minute LTC/USD price chart reveals that the market may not violate the range anytime soon. Moving Average - Litecoin price has failed to sustain above the 20-4h simple moving average in the past several sessions (can be seen in the chart above). Even now, Litecoin value of $1.67 is below the 20-4h SMA of $1.6855,....


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