Litecoin Price Technical Analysis for 7/9/2015 - The Moving Average Game Begins

Litecoin Price Technical Analysis for 7/9/2015 - The Moving Average Game Begins

Litecoin has jumped more than 10 percent over the weekend as Bitcoin broke past a crucial resistance level. Now trading at $2.950, Litecoin hit a high of $3.066 before easing a bit. So, will Litecoin head even higher or is this when the rebound fails? Well, it is very hard to say that right now but a clearer picture can definitely be obtained by using some technical indicators and taking cues from the expected Bitcoin price action. Litecoin Chart Structure - The Resistance can be obtained by connecting the tops of Litecoin for the month of August and it is near $3.400. This is also the....


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