Litecoin corrected 86.33% from its All Time High 366$.

Litecoin corrected 86.33% from its all time high 366$ currently trading inside a falling wedge following two trendline support and resistance line. Now Litecoin has a immediate support at 49.144$ if break then expect Litecoin to see at between 32.815-35.959$ where Litecoin has two support and trendline support. During a cryptocurrency market crash Litecoin is the strongest cryptocurrency, it corrects very slowly than other altcoins. After Litecoin Bitcoin is strong, then Bitcoin cash and the weakest Major cryptocurrency is Ethereum.

Litecoin resistance : 59.565$, 69.321$

Litecoin support : 53.050$, 49.144$

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Look at 12 and 26 day EMA they will work as Resistance if a reversal candlestick pattern occurs .

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