Litecoin Price Intraday Analysis for 23/11/2015 - Still Capped by $3.20-30

Litecoin Price Intraday Analysis for 23/11/2015 - Still Capped by $3.20-30

Key Highlights. Litecoin price continued to trade below a major pivot area of $3.20-30 (price feed from Bitfinex) and failed to move higher. A descending channel is now formed after the price failed to break the stated resistance area. It is trading near a crucial juncture, as a break below the channel support may call for another round of selling. Litecoin price is having a tough time and may continue to trade lower as seller's steps in to prevent gains every time buyers take it higher. 100 MA as Catalyst. There was a decent upside ride in Litecoin price this past week, as it found....


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