Litecoin to move lower?

4 Des 2017

Now trading below 50-day moving average. Broke channel support briefly a couple times; having a harder time touching resistance. Looks like the bears have the upper hand right now. If we see a bigger breach of support, price could be set to move lower towards the 200-day moving average price of $93. If you like to buy and hold, consider buying in around current price or try and wait for another support breach for a better bargain (although anything below $100 is a pretty good buy right now). Traders can look to enter short position if a solid breach below support happens; long position if it breaks through resistance.