Litecoin recovered nicely after the bloodshed as we can see on the chart with 4hr candles.
The current short term trend is bearish and I have some buy order in close to $240 and $200.
Look for the breakout trade above $360.
We can see that there was a lot of action below $200 and the buyers pushed the prices back into the $200 zone.
Support is at $240 for the short term and I would look towards $160 – $200 for the medium and long term support.
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