• FxWirePro: ltc/usd daily outlook

    Source: FxWire Pro - Digital Currency / 19 Jul 2018 14:52:42   America/New_York

    • LTC/USD has shown a good jump of more than 20% from the low of $73 level. The pair jumped till $94.45 and shown a minor decline till $85 from that level.The pair has broken major trend line resistance at $88 and this confirms minor trend reversal and a confirm jump till $103/$117 (100- day MA). The pair declined more than 50% from the temporary top $182.35. It is currently trading around $83.45. It has declined almost 79% from the all-time high of $370.  
       
    •  The near term solid resistance is around $96.55 (55- day EMA) and any break above will take the pair to next level till $103/$117.
       
    • On the lower side, any break below $83.50 (daily Kijun-sen) confirms minor weakness and a decline till $80/$73 is possible.

    It is good to buy on dips around $88.50-89 with SL around $82 for the TP of $102.85/$117.

     

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