Litecoin Price Technical Analysis For 13/01/2016 - Final Sell Target Hit
Litecoin price fell further and traded towards our final sell target. Moving ahead, a short-term recovery is possible as the price is approaching a critical support. Litecoin price headed down yesterday, as seller remained in action and buyers failed to hold the downside break. Out long followed bearish trend line on the hourly chart (data feed from Bitfinex) continued to play a major role and ignited a solid downside move. As can be seen from the chart attached, there were more than 4 attempts to break the highlighted trend line and resistance area, but buyers failed.
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