FxWirePro: LTCUSD consolidates in narrow range, break above 125 confirms minor bullishness
Chart Pattern formed- Triple Bottom LTC/USD consolidates in narrow range between $109.39 and $123 for the past five trading session. It has halted its weakness for a while after continuous selling for four consecutive we…
LTC/USD consolidates in narrow range between $109.39 and $123 for the past five trading session. It has halted its weakness for a while after continuous selling for four consecutive week. The pair has declined almost 70% from the high of $370. The pair has formed triple bottom around $109 and any break below confirms further weakness. It is currently trading around $116.
The near term solid resistance is around $129.85 (20- day MA) and any break above will take the pair to next level till $140/$147 (daily Kijun-Sen).
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 $117-$120 with SL around 108 for the TP of $150.
Coinglass measured Ether options open interest at $5.81 billion, up 0.1% from the previous day, with calls representing most of both open interest and trading volume.
Customers can select a crypto asset and wallet; AEON says it handles conversion and starts a local transfer. The company has not named merchants using the Chile feature.
