LTC/USD - Page 63
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Thread: LTC/USD

  1. #621
    Litecoin during the trades yesterday morning failed to penetrate the downward trend line as a result of weak buyers ' resolve. The currency continued to land until the $70.59 areas achieved by dawn yesterday, and the coin still fails to break the upward trend line and the support area due to the weakness of the bear.


    Litecoin trades in a downward trend following the break of $77.65 areas on the 4H chart and is currently trying to break the upward trend line and break $71.864.If successful, the encrypted currency will gain considerable strength to sustain the landing.


    It is expected that in the event of penetration levels $75.06 may target 78.43 $ areas. While, in case of breaking the $70.59 area may target $60.77 levels.


    Support: 71.86-63.49-58.79.
    Resistance: 85.81-94.62-109.51.


    Direction: Bearish


  2. #622
    LTC/USD is a test of the upward trend line shown in the image, and we expect negative pressure to continue during the upcoming sessions after the 75.25 level break is confirmed, with the reminder that our expected main objectives start at 69.43 and extend to 60.00 after exceeding the previous level.The moving average of 50 supports the proposed decrease, which will remain in place unless the level of 84.65 is breached and the stability above it.



  3. #623
    LTC/USD has made new attempts to break the upward trend line that appears in the image without being able to withstand it, to test the resistance formed at 75.35 after it was broken beforehand, and note that stochastic shows clear negative signals now, waiting to stimulate the price to resume negative attempts.
    Therefore, our downward trend forecasts will remain for the next period, waiting for 69.43 levels to be targeted and then 60.00 mainly, with attention to the fact that penetration 75.35 may push the price to test areas 84.30 before any new attempt to decrease.


  4. #624
    Litecoin failed to break the upward trend during last Friday's trades and with determined determination. The currency broke the upward trend line during trading last Thursday and then broke the first support area $71.86 and continued to bleed to $69.66 areas.


    Litecoin is circulating in a downward direction that strengthens the trend of breaking the upward trend line and mentions that, this fracture is not confirmed yet. Litecoin needs to break the $70.59 areas to confirm the breaking of the upward trend line.


    It is expected that in the event of penetration levels $75.72 may target 78.39 $ areas. While in the case of breaking the $70.59 area may target $61.06 levels.


    Support: 63.49-58.79 – 53.17.
    Resistance: 71.86-85.81-94.62.


    Direction: Bearish


  5. #625
    LTC/USD continues to fluctuate below the 75.35 level, and faces constant negative pressure from the 50 moving average, to keep the bearish trend scenario effective over the next period, indicating that our next main goal extends to 60.80.Persistence without 75.35 represents a precondition for the continuation of the proposed decline, as its penetration will pay the price for instantaneous gains starting at 84.30 before any new attempt to decrease.


  6. #626



    The current rate in the LTC-USD trading instrument is 66.44 USD. The trend is bearish, as indicated my the 10-days exponential moving average curve. The LTC was very successful in the beginning of April reaching 99 USD but lost near 1/3 of the immediate value since that.


    It is possible to make a sell-order in LTC-USD, since correction is still underway.

  7. #627
    LOTC/USD price trades today begins with a noticeable upward slope after the decline of yesterday, approaching the test of the previously broken upward trend line shown in the picture, noting that the moving average of 50 continues to push negatively on the price, so that the downward trend remains effective during the upcoming sessions, Waiting to visit the 60.80 level mainly.Be aware that penetrating the 75.35 level will pay the price to achieve further gains and test the 84.30 areas initially.
    Expected range of trading for this day between 65.00 and the resistance 75.00.


  8. #628
    LTC/USD price surged up strongly yesterday to penetrate the level of 75.35 and settles above it, where it found a strong support ground at Fibonacci retracement level 76.4% as shown in the picture, providing signals on the price orientation to achieve the real-time gains, and expect to visit the 84.32 level.From here, the upward slope will be weighted for the day unless the 75.35 levels are broken then 69.80 and steadiness without them.


  9. #629
    Litecoin broke the first support during the Sunday trades and continued to land until the 68.02 $ areas. During Monday's trades, they bounced from these levels to penetrate the downward trend line and continued to rise to the $77.09 areas they made yesterday morning.


    Litecoin is traded in an upward direction in the configuration, which supports this trend to penetrate the downward trend line, and during trades yesterday morning began to patch to re-test the penetrating downward trend line.


    It is expected that in the event of penetration levels $77.09 may target 82.25 $ areas. While, in case of breaking the $73.24 area may target $68.33 levels.


    Support: 71.86-63.49-58.79.
    Resistance: 79.59-85.81-94.62.


    Direction: Upward.


  10. #630
    LTC/USD price is a test of the support floor that was formed above 75.35 after its breakthrough and maintains its stability over it, and note that the moving average 50 meets with this support to add more power to it, while the stochastic begins to provide positive signals now.
    Thus, these factors encourage us to continue to weigh the upward trend during the upcoming sessions, targeting 84.30 and then 89.85 levels, while the persistence above 75.35 and 69.80 is an important condition for achieving the proposed objectives.


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