LTCUSD (Litecoin) – Week 14 – Reaching the resistance area
Updated
BL3P, a Bitcoin exchange headquartered in the Netherlands, has announced that it will phase out Litecoin (LTC), which will result in the LTC/EUR trading market being withdrawn from the network.
About 26 million merchants who have incorporated PayPal will now be able to accept bitcoin, Ethereum, Litecoin, and BCH, among the four most common cryptocurrencies. “As the use of digital payments and digital currency grows, Checkout with Crypto continues our emphasis on driving mass acceptance of cryptocurrencies while continuing to give PayPal customers options and convenience in the forms they can pay through the PayPal wallet,” said Dan Schulman, PayPal's president and CEO. So, now you can pay with Litecoin from your PayPal account.
Technically, after the consolidation that is marked with a red channel on the chart we see the price of Litecoin reaching the resistance area. When the price will reach that zone we must study the price action to decide the next move for this altcoin.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
About 26 million merchants who have incorporated PayPal will now be able to accept bitcoin, Ethereum, Litecoin, and BCH, among the four most common cryptocurrencies. “As the use of digital payments and digital currency grows, Checkout with Crypto continues our emphasis on driving mass acceptance of cryptocurrencies while continuing to give PayPal customers options and convenience in the forms they can pay through the PayPal wallet,” said Dan Schulman, PayPal's president and CEO. So, now you can pay with Litecoin from your PayPal account.
Technically, after the consolidation that is marked with a red channel on the chart we see the price of Litecoin reaching the resistance area. When the price will reach that zone we must study the price action to decide the next move for this altcoin.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
Trade closed: target reached
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