KRAKEN:LTCUSD   Litecoin / U.S. Dollar
Hello traders,

Today i am gonna be doing a quick analyses on LTCUSD , the price still bellow the long term resistance line, (we only have 2 touchs on the line and we consider the real support or resistance with 3 touches) but i think the resistance is there and we may have selling pressure on this area!
And we also on correction of the last downtrend moviment, testing fibonacci levels as resistance, we are also above the short term uptrend line.
I think we have a lot of chances to test the red line, and if the bull altcoins market continues we will have no problem to go for the $100 region
We must keep our eyes on BTC too, for trade altcoin on USD pairs.

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Comments

If your trend line is correct we should test it again at around 100ish and depending upon how btc moves ltc may have the ability to break up through it and make a run for 119/120
+1 Reply
@phil155 yes I believe in that!
Reply
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