FxWirePro: LTC/USD trades well below trend line support, dip till $60 is possible
LTC/USD has recovered almost more than 20% from low of $72.50. The pair hits high of $89.85 and is currently trading around $75.23. The pair has broken minor trend line support at $81 and is trading well below that level…
LTC/USD has recovered almost more than 20% from low of $72.50. The pair hits high of $89.85 and is currently trading around $75.23.
The pair has broken minor trend line support at $81 and is trading well below that level.
Intraday trend is still bearish as long as trend line resistance $84 (trend line joining $108 and 101.83) and any break above will take the pair to next $90/$101.65.
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 $78-79 with SL around $86 for the TP of $60.
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