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Litecoin in a downtrend even without finding support for a bullish rebound.


Litecoin for this weekend remains in a downward trend like most cryptocurrencies in the market, with a current price of $ 52.99 is discussed between two fibonacci levels to see which one you can use as support and give a bounce.

So far we have strong support over $ 50, an important psychological level for buyers, losing it would imply entering a deeper downward trend. Having an EMA 200 over $ 50 and an important weekly support, we may have a rebound in that area.

There is no sign of purchase at this time, the volume has decreased considerably for this weekend so we could still have important bearish movements.

If the price breaks the $ 50 down if Litecoin would be in a very delicate position, looking for prices below $ 45.

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