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- LTC/USD has recovered almost 15% from the low of $79.61 (Jul 23rd ) on account of slight jump in Bitcoin prices. BTCUSD has jumped more than 45% in the past one week and trades well above 8000 level. Any further break above $94.45 confirms bullishness, a jump till $103 is possible. The pair declined more than 50% from the temporary top $182.35. It is currently trading around $83.97. It has declined almost 79% from the all-time high of $370.
- The near term solid resistance is around $96.55 (55- day EMA) and any break above will take the pair to next level till $103/$117.
- On the lower side, any close below $83.50 (daily Kijun-sen) confirms minor weakness and a decline till $80/$73 is possible.
It is good to buy on dips around $82-83 with SL around $76 for the TP of $102.85/$117.
