FxWirePro: LTC/USD trades weak, good to sell on rallies
Tuesday, June 12, 2018 12:46 PM UTC
- LTC/USD is declining sharply after hitting temporary top at $129.85. The pair has broken major triangle support at $109 and hits low of $102.70. It is currently trading around $106.44. It has declined more than $20 in previous week. The pair has declined almost 72% from the all-time high of $370.
- The near term solid resistance is around $120 (20 day MA) and any break above will take the pair to next level till $127 (34- day /$150 (daily Kijun-Sen).
- On the lower side, any close below $109 confirms minor weakness and a decline till $84/$70 is possible.
It is good to sell on rallies around $112-115 with SL around 123 for the TP of $85.
FxWirePro- Major European Indices 
FxWirePro: GBP/AUD moves lower on weak UK data 
FxWirePro- Major European Indices 
FxWirePro: USD/JPY retreats as Japan signals possible FX intervention 
FxWirePro: GBP/USD dips lower on negative UK retail sales data 
FxWirePro- Woodies Pivot(Major) 
FxWirePro: AUD/USD edges higher ahead of RBA meeting minutes 
FxWirePro:EUR/AUD eases but bullish outlook persists 
CADJPY Pulls Back on Weak Canadian Retail Data: Dips to 113 Prime Buying Opportunity Targeting 116 
FxWirePro: USD/ZAR edges higher but bearish outlook persists 
EUR/JPY Surges on Yen Weakness: Bullish Momentum Eyes 186-187 Targets 
FxWirePro- Major Crypto levels and bias summary 
FxWirePro- Major Crypto levels and bias summary 
BTCUSD Dips Post-BOJ Hike: No Swift Tightening Boosts Risk – Buy Around $87K Targeting $100K 
USDCHF Triple Bottom at 0.7920 Under Threat: Bearish Signals Dominate – Sell Rallies Targeting 0.7865 
