17.7 C
Manchester
July 19, 2019
Image default
litecoin

Litecoin: Price Analysis, October 31

LTC/USD

Though Litecoin has broken below the support at $49.466, the bulls are trying to defend the Sept. 12 intraday low of $47.166. If this level breaks, a fall to $40 is possible.




LTC/USD




If the LTC/USD pair bounces from the current levels, it will face resistance at the moving averages, which are trending down, and the downtrend line of the descending triangle.

A break out of $60 will indicate the probability of a change in trend that will be confirmed on a close above $69.279. We shall wait for a new buy setup to form before suggesting a trade on the pair.

1 comment

ergfir nolikz January 10, 2019 at 7:58 pm

Magnificent web site. Lots of useful information here. I’m sending it to a few friends ans also sharing in delicious. And of course, thanks for your effort!

Reply

Leave a Comment

* By using this form you agree with the storage and handling of your data by this website.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More