LTC/USD Long-term Trend: Bearish
Resistance Levels: $60, $70, $80
Support levels: $50, $40, $30
The LTC/USD pair had been bearish in the month of October 2018. On October 1, the LTC price has an opening balance of $60.40. The crypto's price faces resistance at the $60 price level.
On October 9, the price of Litecoin was resisted at the price of $59.99 and it fell to a low of $52.65. On October 15, the price of Litecoin reached the high of $62.06 but pulled back to the low of $55.87. The price continued its fall to the low of $53.26 and commenced a range bound movement up till date.
On the upside, the $60 price level has to be broken for Litecoin to resume its uptrend. Meanwhile, the price of Litecoin is below the 12-day EMA and the 26-day EMA which indicates that a bearish trend is ongoing. The MACD line and the signal line are below the zero line which indicates a sell signal.
The views and opinions expressed here do not reflect that of BitcoinExhangeGuide.com and do not constitute financial advice. Always do your own research.
Source: https://bitcoinexchangeguide.com
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29-10-2018, 08:49 AM #1
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Litecoin (LTC) Long Term Price Forecast
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31-10-2018, 07:15 PM #2
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TradesFX ti dà l'opportunità di utilizzare la piattaforma MT4 per le tue operazioni. MetaTrader 4 (MT4) è stato lo standard del settore per più di 10 anni. Pertanto la presenza di questa piattaforma nell'offerta di un broker forex è considerata un vantaggio. Alcuni dei vantaggi dell'utilizzo di questo software di trading includono la solida struttura, il supporto di strategie automatizzate (EA), numerosi indicatori di analisi tecnica e opzioni di personalizzazione.
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14-05-2019, 10:51 AM #3
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Loss is natural in every business. And as Forex is very profitable business so loss is a common scene in this platform. A trader should be ready for any types of loss as well as he wants to get profit. A reliable broker only can help the trader to minimize his loss. Forex4you is a wonderful trading broker that I am using since the beginning of my trading career. They give me advance risk management tools which help me to control my trading loss.
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