Litcoin is fighting to hold the support at $240. This is where the 38.2% Fibonacci retracement is.
Here is the graph:
![](https://steemitimages.com/DQmTNapezEdpkMnJtP7g64pvu2UkUkMSXfECV9DvEYPqjq8/image.png)
In order to return at the all time high point, LTC first needs to test $330 where the 0% Fibonacci is laying up.
In case of successful break of this resistance, we may see LTC going up to test the **new all time high** at the point where the price would be $420.
However, if $240 support will fail, we can see prices going down as low as $200 or even further at $180. These latter two points are Fibonacci retracements on our chart at 50% and at 68.2% respectively.

In another words (easier for newbies to understand), we need to wait and see how the prices will behave within the next week. If price surges up to 330-335 dollars, LTC will be more likely to hit fresh new high. Likewise, if price plunges to 220-225 dollars we may well see it below $200 in no time and postpone the upward move for several weeks.

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###### <center>Note that LTC had confusing news, with its creator to sell all his LTC holdings few days ago. Since than the crypto's price stopped upward move and  went down gradually reaching support level at $240 </center>
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#### <center>Good luck to all crypto enthusiasts. Keep your investments diversified and everything will just be all right.</center>