FxWirePro: LTC/USD trades flat, good to buy on dips
Thursday, June 7, 2018 2:00 PM UTC
- LTC/USD is showing minor jump after hitting low of $115.70. The pair hits intraday high of $123.97 and is currently trading around $121.63. It has shown a jump of $20 in previous week. The pair has declined almost 70% from the all-time high of $370.
- The near term solid resistance is around $130 (34- day EMA) and any break above will take the pair to next level till $140/$169 (200-day MA).
- On the lower side, any break below $109 confirms minor weakness and a decline till $84/$70 is possible.
It is good to buy on dips around $115-117 with SL around $109 for the TP of $150/$169.
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