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Ltcusdanalysis

Litecoin struggle to stay above $60 LevelsLitecoin fell by 3.02% on Monday. Following on from a 0.55% slide yesterday, the sixth-largest digital asset has been moving sideways recently. But the bullish trend stays intact as long as the price is above $60.00. On the intraday level, LTC/USD is seems ready to re-test the lower line of 4-hour Bollinger Bands ($60). A sustainable move below this handle will increase the bearish pressure and push the price towards Tuesday’s low at $59.48. The nearest resistance awaits the coin on approach to $61.40 with 1-hour 100 SMA located there. However, Litecoin would need the support of the broader market to break out from Tuesday’s high $63.06. The H4 MACD shows that right now the bears are gaining traction. And with the support trend line already broken we can see the bearish momentum to extend with a short term target at $58. But the zone between $46 – $50 remains the key support area and should be able to defend against acute selling pressure. From the longer-term technical perspective, a strong resistance is created by a combination of 50-day SMA (around $66) and the upper line of the daily Bollinger Bands at $64.45. Once it is out of the way, the upside is likely to gain traction with the next focus on psychological $70.00 level. How do you think - will the sellers be stopped around $58 and the bullish trend will resume?
BINANCE:LTCUSD
by ForexTrendline
SHORT LTCUSD BCHUSD both pave way for BTC continuation $73.70 TP1 $77.30 TP2 60.55 STOP | | V AND altseason wraps up as BCH, XLM, LTC kick off into what will follow: a healthy BTCUSD consolidation; before encountering next major resistance at $9642. With that being said keep your stop loss is set at all times keep your eye on your portfolio and do not get greedy just because there are ample opportunities to take profit does not mean you need all of them remember it is better to miss out on potential profits going to lose actual assets. Disclaimer Not financial advise -@a1mTarabichi
COINBASE:LTCUSDShort
by a1mtarabichi