Litecoin price against Bitcoin (LTC/BTC) currently on the way to fell down on 0.00436707 (coincidently 0.5 Fibonacci Retracement level). The sharp dump was immediate reaction from the sudden pump that hit on intraday of 0.00467224. The obvious rejection didn’t bond well with the overall positive sentiment among LTC traders amid segwit deployment that could happen in days. Check out the status of the Segregated Witness (segwit) soft fork here.
Important LTC/BTC price levels to watch,
Year High – 0.005180 January 10 2017
Year Low – 0.00394158 January 5 2017
Some Critical Price Levels for the Immediate Term
0.00467224 – intraday high January 31 2017
0.00453767 (0.786 Fibonacci Retracement)
0.00443361 (0.618 Fibonacci Retracement)
Crucial Support Levels
0.00436707 – immediate support level (0.5 Fibonacci Retracement)
0.00428744 (0.382 Fibonacci Retracement)
0.00405200 – support level January 26 2017
BTC Exchanges and Charts With Litecoin #LTC Trading
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Chart via tradingview, data source from Poloniex.
The author is a self-described cryptocurrency activist. Ironically, he is not involved directly on the development and mining. But a keen trader that specifically studying and analyzing the chart and prices based on zen principles of candlesticks price action techniques. And most importantly, he is always prone to deceiving price movements that can exposes to trading losses. So trading based on his personal opinions is extremely risky and not advisable.