Litecoin [LTC] bulls defend $50 with their lives, but were their efforts in vain?

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Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. Bitcoin [BTC] was able to rise past the $20.7k resistance level but faced more selling pressure above the $22k mark. At press time, the king of crypto was trading at $21.5k. The move upward […]

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice.was able to rise past the $20.7k resistance level but faced more selling pressure above the $22k mark. At press time, the king of crypto was trading at $21.5k. The move upward from the $19k area over the past week saw

In general, 61.8%-78.6% retracement area offers stiff resistance. The 38.2% retracement level is also key, as the price generally retests this level as support before moving upward to the 61.8% level.

 

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