Crypto Chart Analysis: Litecoin Still Heavy, Bitcoin T-line Resistance

In the past week, the cryptocurrency space has experienced a sizable bounce, but given where the group is in the cycle of an unwinding speculative mania, rallies remain likely to fail. Even if many of the key names have found a bottom, which still looks unlikely, a resumption of a strong trend higher will take time as much technical and psychological damage has been done.

Litecoin has thus far lagged behind other major names and is seen as the first to lead the group lower. Bitcoin has a trend-line not far ahead to keep an eye on, could be a capper on any additional upside from here.

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Litecoin remains heavy, targeting 102 or worse on downturn

While other key players in the space have experienced strong rallies (Bitcoin, Ethereum, Ripple…), the same can’t be said for Litecoin. It is struggling to climb above the swing-high created on April 3. If LTC/USD can move above that swing-high it will have the 3/18 swing-low at 127 and the

Article source: https://www.dailyfx.com/forex/technical/article/special_report/2018/04/16/Crypto-Chart-Analysis-Litecoin-Still-Heavy-Bitcoin-T-line-Resistance-PRtech.html?DFXfeeds=forex:technical:article:special_report