jpktraders

LTCUSD - how trend is made

BITFINEX:LTCUSD   Litecoin / U.S. Dollar
LTC is ranked 6th in the ranking of all cryptocurrencies in terms of capitalization. In the last few days we see it growth, while in the last 24 hours its rate has fallen by almost 2%.

From a technical point of view, we are still in the growth channel. After an unsuccessful attempt to break from the bottom, the price turned around and given the opportunity to take a long position (support test from the top at 55.5 USD), reached the first target set by us - 71.7 USD.

We are now on the resistance from which we already had the first corrective reaction. If the price will go up now and will test this resistance from the top as support already, it will be a good place to buy. Alternatively, if the price falls again, then level 66.5 will be the second place to buy.
EN English (UK)
EN English
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out