Litecoin Price Technical Analysis for 20/5/2015 - Back in the Range?

Litecoin Price Technical Analysis for 20/5/2015 - Back in the Range?

Litecoin has formed a short-term base around $1.440 and is consistently striving to re-enter the previous trading band of $1.449-1.459. In the past 24 hours, the virtual currency has jumped up to $1.459 - the resistance level - before being brought down to the floor value of the previous trading range. Litecoin is trading at $1.452, up 0.76% from yesterday's observation of $1.441. I had discussed in my previous analysis that Litecoin will reach the level of $1.455, at which market participants may initiate short positions by placing a stop-loss above $1.459. Litecoin has been unable to....


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