LTC/USD continues to trade flat on Thursday and currently trades at 3.60 levels at the time of writing (BTC-e). The pair seems to have taken support near 3.50 levels and is trying to sustain above this levels. Ichimoku a…
By Shampa Mani
Updated 1 min read
Image from the original EconoTimes article
LTC/USD continues to trade flat on Thursday and currently trades at 3.60 levels at the time of writing (BTC-e). The pair seems to have taken support near 3.50 levels and is trying to sustain above this levels.
Ichimoku analysis of daily chart:
Tenkan Sen: 3.65
Kijun Sen: 3.66
Trend reversal: 3.74 (200-day MA)
On the topside, the pair faces major resistance at 3.74 levels (200-day MA) and a break above would take the pair to 3.97 (90 EMA)/4.18 (100-day MA). On the flipside, support is likely to be found at 3.50 levels (psychological level) and break below would drag the pair to 3.22 (August 2 low)/3.00.
Germany changed clocks Sunday, Oct. 25, ahead of the U.S. shift on Sunday, Nov. 1. Deribit’s monthly Bitcoin (BTC) options expire Friday at 4 a.m. ET (08:00 UTC), or 9 a.m. CET in Berlin.
