Litecoin has been sagging under its own weight. Avalanche danger

2018年6月29日

In last review we wrote about Litecoin's downward slide. Since that time, it has continued. The was a little update of the minimum. But it was getting lower and lower steadily. On the chart for almost 6 months we see a gradual decline after the previous rise. This semiannual story looks like giant snow cap sliding down a high mountain under its own weight. The farther away, the greater is the mass of accumulated snow. And the higher is the risk of avalanche in case of strong shock. In order to avoid unpredictable and destructive avalanche in the mountains usually it is caused artificially. The same story in on the market: bears make sharp meltdowns after which rise usually starts. But now there are no meltdowns. Cryptocurrency cap has been growing. The dander of avalanches.

Support is $ 55.
Resistance is $ 105.

Wish you profitable deals!