Has rate of Litecoin (LTC) touched reversal zone yet? Advertisement

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The crypto market is mainly green today, according to CoinStats.

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LTC/USD

The price of Litecoin (LTC) has risen by almost 4% since yesteday.

On the hourly chart, the situation is rather more bearish than bullish. If nothing changes by the end of the day, one can expect a test of the support of $103.64 by tomorrow.

On the bigger time frame, sellers are also more powerful than buyers. If the daily bar closes with a long wick, there is a possibility to see a decline to the vital $100 zone.

From the midterm point of view, the rate of LTC is far from key levels. 

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However, if the breakout of the important area of $100 happens, traders may witness a test of the support of $79.61 shortly.

Litecoin is trading at $105.60 at press time.