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Thread: LTC/USD

  1. #1
    Administrator RoboForex Administrator's Avatar
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    LTC/USD


    Litecoin is another "fork" of bitcoin, a peer-to-peer electronic payment system, which uses the cryptocurrency with the same name.


    Technical Analysis. forecasts,opinions, trading recommendations for LTC/USD

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  2. #561
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    Litecoin corrected by 0.50 Fibonacci previous wave and wore from these areas during trades yesterday evening about $61.68. and failed to penetrate the 0.23 Fibonacci area thus landed towards the $60.51 areas.


    Litecoin is traded in a secondary upward direction at the moment this trend is weakened due to the persistence of the correction, and technical indicators do not support the current upward trend so we do not recommend the purchase before the correction finishes.


    It is expected that in the event of penetration of $63.49 areas may target 71.86 $ areas. On the other side of the fracture area $57.91 may target $55.03 levels.


    Support: 58.79-53.17 – 47.26.
    Resistance: 63.49 – 71.86-85.81.


    Direction: Upward.


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  3. #562
    Rookie Toyen's Avatar
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    Litecoin is not moving up again, it is still sustaining some pullbacks, that makes the trendline it breaks lower in 2 days back to be sustained lower till now. My trendline resistance point is now situated at 60.85, that point is not so strong though, but it has the power necessary to defend the bullish movement from coming in play today. I will for this reason continue to favour the selling of Litecoin until further notice.


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