LitecoinLong
Trading plan: LTCUSD (Litecoin)
Updated
Current situation:
The Litecoin price moves in range. But, we forecast a slight rise in the Litecoin rate.
Key levels are used by traders to identify immediate targets, limit losses, fix profit, entry points.
Resistance levels:
$ 100;
$ 90;
$ 80.
Support levels:
$ 73;
$ 70.
Forecast:
We believe that today there will be an increase in the rate of Litecoin from the level of $ 73 to $ 80.
The Litecoin price moves in range. But, we forecast a slight rise in the Litecoin rate.
Key levels are used by traders to identify immediate targets, limit losses, fix profit, entry points.
Resistance levels:
$ 100;
$ 90;
$ 80.
Support levels:
$ 73;
$ 70.
Forecast:
We believe that today there will be an increase in the rate of Litecoin from the level of $ 73 to $ 80.
Note
Trend Analysis: LTC / USD (Litecoin)Litecoin trend remains descending. LTC / USD is traded in a descending channel with a resistance level of $81 and support of $52.
Current situation:
Litecoin continues to trade in the consolidation zone: $75- $77. We forecast growth of the LTC / USD quotation to the level of $88. But this forecast will be implemented, after the buyers overcame the $81 mark on the Litecoin asset.
Key levels are used by traders for determining immediate targets, limiting losses, fixing profits, entry points.
Resistance levels:
1. $ 81;
2. $ 88;
3. $ 94.
Support levels:
1. $ 72;
2. $ 66;
3. $ 52.
Forecast:
The forecast is the same. The increase in the price of Litecoin from the level of $81 with the target of $88.
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