Jeremy Martinez a technical analyst for the crypto traders from dagx.live, said that Litecoin fell by 0.16% . Following on from a 0.80% decline on Thursday, Litecoin ended the at $69.09. A bearish start to the day saw Litecoin tumble from an early morning intraday high $69.69 to a late afternoon intraday low $67.10.
Falling short of the major resistance levels, Litecoin fell through the first major support level at $68.38 and second major support level at $67.48. Finding support from the broader market, a late recovery to $69 levels limited the downside on the day.
At the time of writing, Litecoin was down by 0.33% to $68.86. Tracking the broader market, Litecoin fell from an early morning high $69.49 to a low $68.49 before finding support. Litecoin steered clear of the major support and resistance levels early on. For the day ahead, holding above $68.60 levels through the morning would support another run at the first major resistance level at $70.15.
Litecoin would need the support of the broader market, however, to break out from this morning’s high $69.49 and Friday’s high $69.69. Barring a broad-based crypto rebound, however, we would expect Litecoin to continue to fall short of $70 levels.