Litecoin Weekly Price Analysis – March 3

LTCUSD Long-term Trend: Bearish

Accumulation territories:  $250.00, $300.00, $350.00.

Distribution territories: $200.00, $150.00, $100.00.

The market bias for the next movement on Litecoin is upward movement in the current price accumulation territories of $150.00 and above $200.00. The market downward movement fell and broke below the market territory of $200.00 and recovered quickly. This denotes more bulls coming in the next major movement.

Litecon, LTCUSD, CryptoCompare chart

Investors are expected to watch out for a slight downward direction before taking on the market for a long trade position around the distribution territory at $200.00.