Bitcoin price Attempted with Struggle
Bitcoin price recovery today continued as it marched for the $4.400 mark today but did not even briefly touch it as it met sellers to gain from the near term increase. The upward momentum has taken an opposite turn as it has ended with the value breaking lower than the gaining channel.
If the declining continues it could be very possible the support will be found between the $3749 mar which is at 38.2 Fib retracement level since the major gain $1.7k to $4k and the 50-day moving average that is around $3823.
Until there is a stable trading ground or bearish patterns, no near-term trading or longer term buying is recommended.
Litecoin price faced Sellers
Litecoin was expected to hit above the $80 level, around $83 but it did not and lost footing. For the moment it is around the 61.8% Fib retracement level support trading since the last flow $42 to $96.
Right now it is declining as the last 24 hours it is in the 1.23% negative, however if it continues and breaks the major supportive trend line of $63 a bearish pattern will form and the value could target for $54 and then $42.