FxWirePro: LTC/USD recovers slighty from low of $72.50 , good to sell on rallies

• LTC/USD has shown a minor jump till $84.34 from yesterday low of $72.50 The pair has formed minor top around $103.85 and any further bullishness only above that level. The pair declined more than 60% from the temporary top $182.35. It is currently trading around $80.15.It has declined almost 79% from the all-time high of $370.  
   
• The near term solid resistance is around $89 (20 day MA) and any break above will take the pair to next level till $97 (34- day EMA)/$109 (55- day EMA).
   
• On the lower side, any break below $70 confirms minor weakness and a decline till $60/$50 is possible.

It is good to sell on rallies around $85-87 with SL around $101 for the TP of $60/$50.