[2016-1-30]Litecoin Price Weekly Analysis–Daily Time Frame Chart Point Downtrend

[shane]

Key Highlights

Litecoin price attempted a couple of times to trade higher this past week, but sellers managed to prevent the upside every time.
There is a monster bearish trend line formed on the daily chart (data feed via Bitfinex), which is signaling a downtrend in the near term.
The price is well below the 100-day simple moving average, which is a sign that sellers are here to stay.

http://www.newsbtc.com/2016/01/31/litecoin-price-weekly-analysis-daily-time-frame-chart-points-downtrend/