LTC/USD chart - Trading View
Exchange - Coinbase
Support: 87.43 (Lower BB); Resistance: 102.43 (55-EMA)
Technical Analysis: Bias Neutral
LTC/USD pops and drops on halving day event on Monday. The pair hit highs at 107.04, but failed to hold gains and closed at 96.39.
Upside momentum in the pair fizzled out in the month of June when it peaked at 146 mark.
Price action has since then extended gradual grind lower and has hit lows of 76.63 on July 16th trade.
Halving event is expected to revive the bullish momentum in the pair and prove a catalyst for its next bull run.
Fundamental issues continue to weigh as observed by David Tawil, president of crypto hedge fund ProChain Capital.
David notes that according to data from GitHub, the developer activity in the cryptocurrency has been at its lower level since 2014.
Improvement in fundamental development activity is required to support price action.
Major trend continues to be bullish. Price extends trade in a 'Cup and Handle' pattern.
Pullback from highs have held above 200-DMA support. The pair is extending consolidation above 200-DMA.
Decisive break above 55-DMA could see upside resumption. Bullish invalidation only below 200-DMA.


FxWirePro: EUR/AUD trends higher, but faces potential pitfalls
FxWirePro: NZD/USD downside pressure builds, key support level in focus
Strategy Retains Nasdaq 100 Spot Amid Growing Scrutiny of Bitcoin Treasury Model
USD Loses Shine: Soft Labor Market and Stalling Consumer Spending Drag USDCHF Lower
FxWirePro: GBP/AUD consolidates around 2.0145, maintains bullish bias
ETHUSD Dips Below $3000 on BOJ Rate Hike Fears: Buy the Dip at $2700, Targeting $4000?
FxWirePro: GBP/AUD maintains bullish bias with focus on 2.0300 level
FxWirePro: EUR/AUD uptrend loses steam, remains on bullish path
CAD/JPY Dips on Soft Canadian CPI: Buy the Dip to 115?
FxWirePro: GBP/USD gains as UK manufacturing PMI beats expectations
FxWirePro- Major Pair levels and bias summary 



