FxWirePro: LTCUSD upside capped by 34- day EMA, good to buy on dips
LTC/USD is showing minor weakness after hitting high of $129.80. The pair hits low of $119.72 and is currently trading around $120.23. It has shown a jump of $20 in previous week. The pair has declined almost 70% from th…
LTC/USD is showing minor weakness after hitting high of $129.80. The pair hits low of $119.72 and is currently trading around $120.23. 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 $131.80 (34- day EMA) and any break above will take the pair to next level till $140/$150 (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.
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