Litecoin price hits strong barrier but has a lot of support on the way down

  • Litecoin price seems to have hit a strong resistance level.
  • The digital asset could be poised for a short-term correction although it has a lot of support below.

Litecoin hit a high of $185 on January 10 and has been consolidating since then. The digital asset hasn’t really benefited from Ethereum’s breakout in the past few days and continues slowly climbing towards the last high.

Litecoin price faces short-term pressure

On the 4-hour chart, the TD Sequential…


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