Litecoin (LTC) Price Analysis: Risk of More Losses Below $170 Litecoin price is showing bearish signs and it declined from the $200 resistance against the US Dollar. LTC price is now trading well below the $200 level and the 55 simple moving average (4-hours). There was a break below a declining channel with support near $180 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase). The pair is likely to continue lower below $170 and $165 in the near term. Litecoin price is showing bearish signs below $200 and $195 against the US Dollar, similar to bitcoin. LTC price could dive further unless it gains strength above $185. However, the bulls failed to gain strength, resulting in a fresh decline from the $200 barrier. The recent swing high was near $198 before there was a break below $190. There was also a break below a declining channel with support near $180 on the 4-hours chart of the LTC/USD pair. The pair dipped below the $180 support zone and settled well below the 55 simple moving average (4-hours). A low is formed near $171 and the price is clearly showing bearish signs. If there is a downside break below the $171 and $170 levels, there is a risk of more losses. The next major support is near the $165 level, below which the price could decline further towards the $150 level. This is the time to buy more Litecoins Let's keep pumping the market guys Guys Stay Bullish, Stay Humble, Stay Put #litecoinit #litecoin #litecoincash #litecoinwallet #litecointrader #litecoinnews #litecoinmining #litecoinprice #litecoins #litecoinuk #altcoiner #altcoinarmy #altcoindaily #altcoin #altcointrading https://www.instagram.com/p/CM1SGEYA3bu/?igshid=1a4z6zk9oaxul
