Litecoin Price Technical Analysis for 8/7/2015 - Dangerously Volatile

Litecoin Price Technical Analysis for 8/7/2015 - Dangerously Volatile

Litecoin gave us another glimpse of its highly volatile nature in yesterday's trading session. In my previous analysis titled Sky is the limit, I had reiterated my opinion that Litecoin is expensive and should be avoided at current levels. Bullish participants may have realized the same when the cryptocurrency had a knee-jerk reaction. Litecoin is presently trading down 3.06% at $5.214. Looking at the 240-minute LTC-USD price chart, I can say that technical indicators are currently giving conflicting signals while the chart structure remains firm. Litecoin Chart Structure - At one point of....


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