Sunday, 22 September 2019

LTC/USD, LTC/BTC Price Analysis: LTC Shows Slight Gains

LTC Price Analysis


LTC dipped back from the $81 level on Sept. 19. it's 23.6 Fibonacci level. It broke down the 50-day EMA. Also, it's now trading inside a small ascending channel. If the pair breaks down the channel, a fall to $62 strong support is likely. This is an important level. If the price slips below it, the downtrend will resume.

On the other hand, bulls need to push Litecoin above $81 level to change the trend.The first target is $100 and above it $114. Therefore, traders can buy on a close above $81 level.



LTC/BTC dipped back from 0.008 level. It's trading below the 50-day EMA. Now the pair finds support from both 20-day EMA and the trend line. A break above 0.008 level can carry the price to 0.01. Traders should wait a close above 0.008 to initiate fresh position.

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