Litecoin: ⬇️ Sell
– Litecoin reversed from resistance zone
– Likely to fall to support level 47.50
Litecoin cryptocurrency recently reversed down from the resistance area between the resistance levels 55.00 and 59.00, upper daily Bollinger Band and the 38.2% Fibonacci correction of the downtrend from January.
The downward reversal from this resistance zone created the daily Japanese candlesticks reversal pattern Shooting Star.
Given the clear daily downtrend, Litecoin cryptocurrency can be expected to fall further to the next support level 47.50.