Technical analysis of Litecoin For Aug 06, 2018

If we look at the 4-hour chart we can see that the Litecoin is still in a Bearish bias. This condition can be confirmed by the price still moving bellow the Moving Average 50 Periods and still moving orderly in the down slope channel. Basing on this fact as long as the Litecoin does not break out and close above its critical level at 89.60, it will continue moving in a Bearish bias.


The material has been provided by InstaForex Company -