FxWirePro:LTC/USD upside capped by trend line resistance, good to sell on rallies
LTCUSD has recovered almost more than 20% from low of $72.50. The pair hits high of $89.85 and is curretly trading around $86.13. Intraday trend is still bearish as long as trend line resistance $93 (trend line joining $…
LTCUSD has recovered almost more than 20% from low of $72.50. The pair hits high of $89.85 and is curretly trading around $86.13.
Intraday trend is still bearish as long as trend line resistance $93 (trend line joining $153 and 129.71) and any break above will take the pair to next $97/$100/$112.
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 $85-87 with SL around $101 for the TP of $60/$50.
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