Litecoin Price Technical Analysis for 25/3/2015 – Weak Stance

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Just yesterday I discussed the possibility of a major breakout in Litecoin along with a price target of $1.60. The breakout did happen, and the price touched a low of $1.63 before stabilizing around $1.66.

The collapse in Litecoin price happened in concurrence with the 8% crash in Bitcoin price, and with expectations of Bitcoin touching $230 rising, Litecoin may witness a more pronounced fall in the coming sessions.

Litecoin analysis


Analyzed above is the 240-minute LTC/USD price

Read more ... source: TheBitcoinNews