A breakdown of $28 will resume the downtrend and can sink the LTC/USD pair to the next support at $20. If the bulls defend the $28 mark, the digital currency might remain range-bound for a few days.
A breakout of $37 will set up a short-term trading opportunity on the long side, with a target objective of $47, which is likely to act as a stiff resistance. Positional traders should wait for a trend reversal to be signaled before entering long positions.
A breakout of $37 will set up a short-term trading opportunity on the long side, with a target objective of $47, which is likely to act as a stiff resistance. Positional traders should wait for a trend reversal to be signaled before entering long positions.