Litecoin : Price Analysis, April 02

LTC/USD

Litecoin has been trading in a tight range for the past three days. The bears have not been able to break below the critical February 02 support of $107.102.




LTC/USD

In the same way, the bulls have not been able to force a pullback, hence, the tight range. If the $107.102 level breaks, the next support is at $84.706.




However, as the RSI is in the oversold territory, we might get a pullback, which will face resistance at the 20-day EMA and the downtrend line.

Our goal is to wait for a buy setup to form before attempting a trade on the LTC/USD pair.

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