LTC/USD Long-term Trend: Ranging
Resistance Levels: $60, $70, $80
Support levels: $50, $40, $30
The LTCUSD pair had been in a range bound movement in the month of September 2018. It has an opening balance of $62.07 but closed with a balance of $60.39 as at the end of the month. The digital currency fluctuates between the levels of $50 and $65.
As a trader, you can make partial profits as the digital currency ranges between the range bound zone. You can initiate a long trade at the lower level of price range and exit at the upper level of price range and Price is currently fluctuating at the lower level of price range and it is expected at the upper price level.
Meanwhile, the price of Litecoin is below the 12-day EMA and 26-day EMA which indicates that the bearish trend is ongoing. Meanwhile, the Relative Strength Index period 14 is level 38 which indicates that the market is oversold signaling bears’ exhaustion and suggesting bulls to take control of the market.
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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08-10-2018, 06:47 AM #1
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Litecoin (LTC) Long Term Price Forecast
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07-05-2019, 07:45 PM #2
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11-05-2019, 11:20 AM #3
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Forex trading is an easy solution for a busy lifestyle. This is 21 century and the world is getting too faster that people are so busy in their daily and other work. But doing forex you do not need extra time to invest. By a smartphone or with the help of tab trader can trade anytime from any corner of the world. Being a trader trading with BPRIMES is very easy and simple for me. Online forex trading should be low-cost, fast and convenient. Combining years of market intelligence and high-speed processing under the umbrella of the world's preferred trading platforms, MetaTrader 4 and cTrader, Bprimes has established a new standard in forex trading; All with spreads from as low as 0.0 pips.
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