Litecoin Price Technical Analysis for 20/8/2015 - New Low On Strong Volume

Litecoin Price Technical Analysis for 20/8/2015 - New Low On Strong Volume

Litecoin is currently trading up 1.66 percent at $3.489 as the Bitcoin market looks to settle near the crucial support of $220. However, this is not the complete story. As bears went berserk, Litecoin dived to a fresh 1-month low of $3.160, much closer to my monthly target of $3.000, before bouncing back. The volume registered on the decline was far greater than on the rebound. But, will this rebound sustain? Let us find out what the latest technical indications are. Litecoin Chart Structure - While the dead-cat bounce may extend further, I see it facing renewed selling pressure near the....


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