FxWirePro: LTC/USD breaks major trend line resistance, jump till $117 likely
LTC/USD has shown a good jump of more than 20% from the low of $73 level. The pair jumped till $94.45 and shown a minor decline from that level.The pair has broken major trend line resistance at $88 and this confirms min…
LTC/USD has shown a good jump of more than 20% from the low of $73 level. The pair jumped till $94.45 and shown a minor decline from that level.The pair has broken major trend line resistance at $88 and this confirms minor trend reversal and a confirm jump till $103/$117 (100- day MA). The pair declined more than 50% from the temporary top $182.35. It is currently trading around $83.45. It has declined almost 79% from the all-time high of $370.
The near term solid resistance is around $95.55 (55- day EMA) and any break above will take the pair to next level till $103/$117.
On the lower side, any break below $84 (daily Kijun-Sen) confirms minor weakness and a decline till $80/$73 is possible.
It is good to buy on dips around $88.50-89 with SL around $82 for the TP of $102.85/$117.
EIP-8061 estimates higher exit and consolidation capacity in a 36 million ETH stake scenario. Its Nov. 1, 2026, date is a review deadline, not a network activation date.
