Litecoin Price Technical Analysis For 15/01/2016 - Retest of Lows?

Litecoin Price Technical Analysis For 15/01/2016 - Retest of Lows?

Litecoin price is trading lower with a bearish bias. It looks like there is a chance of a retest of lows around $3.369 (data feed from Bitfinex). Intraday Support Level (Bitfinex) can be at $3.36. Intraday Resistance Level may be seen at $3.44. Yesterday, I highlighted that there is a possibility that sellers may appear another time and take the price lower. The price did move down Intraday, and currently looks set for more losses in the near term. Our sell near the 100 hourly simple moving average played well and it’s time to book profits. The highlighted resistance near the 100 hourly....


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