Litecoin Price Technical Analysis for 29/5/2015 - Drops, But Still Near Highs!

Litecoin Price Technical Analysis for 29/5/2015 - Drops, But Still Near Highs!

In yesterday's analysis entitled Bulls Rise, Challenge Resistances, I mentioned that Litecoin was challenging a key resistance level of $1.865. As of today, the cryptocurrency has failed to edge above this level and has come down to $1.852 as minor profit booking is witnessed. Below has been presented the technical considerations which traders must take into account before making fresh trades or deciding on existing ones. A 240-minute LTC/USD price chart has been used to serve the purpose. Litecoin Chart Structure - Since Litecoin is trading near the upper range of the band and refuses to....


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