LitecoinLong
Trading plan: LTCUSD (Litecoin)
Updated
Current situation:
The Litecoin rate rose above the key level of $ 90.00. We believe that the increase in the price of Litecoin may continue, after a slight correction to the support levels.
Key levels are used by traders to identify immediate targets, limit losses, fix profit, entry points.
Resistance levels:
$ 102;
$ 97.
Support levels:
$ 87;
$ 81;
$ 78;
$ 75;
$ 73.
Forecast:
The growth of Litecoin rate from the level of $ 87 to $ 97.
The Litecoin rate rose above the key level of $ 90.00. We believe that the increase in the price of Litecoin may continue, after a slight correction to the support levels.
Key levels are used by traders to identify immediate targets, limit losses, fix profit, entry points.
Resistance levels:
$ 102;
$ 97.
Support levels:
$ 87;
$ 81;
$ 78;
$ 75;
$ 73.
Forecast:
The growth of Litecoin rate from the level of $ 87 to $ 97.
Note
Trend analysis: LTC/USD (Litecoin) Litecoin trend remains descending.
Current situation:
Litecoin price reached the level of$94, coming very close to an important resistance level of $102. We forecast for today the lateral price movement of LTC / USD in the range of $88- $94. We expect an exit from this range down to the level of $86. In addition, we do not exclude the price increase to the level of resistance at around $102.
Key levels are used by traders to identify immediate targets, limit losses, fix profit, entry points.
Resistance levels:
1. $114;
2. $102;
3. $94.
Support levels:
1. $86;
2. $81
3. $75;
4. $72;
5. $66.
Forecast:
Litecoin price drop from the $88- $94 zone to the level of $86.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.