On Tuesday, December 17th, the LTC cryptocurrency is declining, trading at $39.76. On D1, there is a downtrend developing. Upon reaching 76.0% and an attempt of a pullback to 61.8% Fibo, the quotations formed another declining wave. They have renewed the previous daily minimums and headed for the yearly fractal support line at $22.25. The resistance is at $56.63. There is also a converging forming in the MACD, which indicates a slow-down of the trend. On H4, the declining wave is visible in more detail. The quotations are testing the local support line, which may soon end in a breakaway
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A lot of cryptocurrency traders have high expectations for the many different altcoin markets. It is certainly true some interesting trends have become apparent, albeit it remains to be seen how things will play out. As far as the Litecoin price is concerned, reaching $150 is not out of the question, but it might not necessarily happen right away. The Litecoin Price Uptrend Over the past few weeks, there has been a rather steep uptrend as far as the silver to Bitcoin’s gold is concerned. Whereas it seemed as if the price would remain near the $70 level for some 
As most of the cryptocurrency markets are on very wobbly legs right now, there is a genuine feeling of unease. Many people are somewhat surprised by how the Litecoin price remains subjected to a negative spiral. While its price is still rather solid, it seems the expected push to $100 will have to wait for at least a few more days. Litecoin Price Keeps Drifting Lower With Bitcoin’s price direction remaining unclear, no one really knows what the future will hold for the alternative markets. Litecoin, while often resilient under any given circumstance, is not having the easiest of times 
When the Bitcoin price goes in the deep red without any real reason, the altcoins will be quick to follow. Although traders and investors do not like to see things heading down this path, there is little one can do about it at the current pace. The Litecoin price, while usually relatively stable, is also under a lot of pressure. Its value has dipped below $80 and could even drop below $75 in very quick succession. Litecoin Price Momentum Needs a Rebound While it is rather normal to see all cryptocurrency markets go through a correction of some sorts, no 
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