LTC/USD has shown a minor jump till $79.61 from yesterday low of $74.88. The pair has formd minor top around $103.85 and any further bullishness only above that level.. The pair declined more than 60% from the temporary …
LTC/USD has shown a minor jump till $79.61 from yesterday low of $74.88. The pair has formd 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 $80.95.It has declined almost 79% from the all-time high of $370.
The near term solid resistance is around $100 (20 day MA) and any break above will take the pair to next level till $109 (34- day /$117.65 (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.
