Litecoin Price Prediction: LTC/USD Turns Down From $40 Resistance, May Drop to $30

On March 12, LTC/USD pair was in a downtrend as the market fell to a low of $28. Buyers turn down from the resistance line as the market continues its downward move.

The stochastic bands are making a U-turn indicating the downtrend On the LTC/BTC chart, the market was in an uptrend as it reached a high of Ƀ0.0080000. The pair drops to a low of Ƀ0.005832 and makes an upward move.

Timeline of Litecoin