The rate of LiteCoin will remain in the range of $90-103.

The rate of LiteCoin will remain in the range of $90-103.

The rising cost of LiteCoin at $90 stopped at the resistance level at around $103. During the last price drop from $108 to $88 cryptocurrency has reached the 76.4% Fibonacci level, thus the obstruction to further increase prices. As a result, the rate fell below $100. On the hourly chart is forming now the bullish trend with the support level of $96.

If the rate will continue to decline and a break of the support levels seen at $96 and $95, then the downward trend will continue to $90. Overall, price fluctuations occur in the range below the resistance levels at $100 and $103. Thus, over the next few sessions of the course will range from $90 to $103, not yet overcome these barriers.

Key points:

  • The rate of LiteCoin quickly reached the level of resistance at $103 and then stabilized.
  • On the hourly chart formed a bullish trend with the support level of $96.
  • Course LTC to correct to $97-95, and will likely remain in this range.
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