LTC drops below key trendline. Bounce expected, may not sustain. Litecoin, the crypto like a good desciple, followed other majors and broke down on the key levels and below trendline support on the medium term chart, all the way towards lower end of the bollinger bands. LTC/USD is up nearly 2 percent on day at $42.53, just a tad below the high point of the day. On the 720-minute chart, LTC broke down of a key support line this week, following all the other major cryptocurrencies such as BTC, ETH, BCH, in a sign that the bear market that started at the start of this year for the crypto world, has not yet ended. There is expected to be a bounce, just like today, which may extend to the middle of the bollinger bands, co-inciding with the very trendline support broken by the bears this week, around $47 that is. LTC/USD 720-minute chart: FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Crypto News share Read Next Bitcoin: Some bounce imminent; IMF’s Lagarde calls for state sponsored digital currency FX Street 4 years LTC drops below key trendline. Bounce expected, may not sustain. Litecoin, the crypto like a good desciple, followed other majors and broke down on the key levels and below trendline support on the medium term chart, all the way towards lower end of the bollinger bands. LTC/USD is up nearly 2 percent on day at $42.53, just a tad below the high point of the day. On the 720-minute chart, LTC broke down of a key support line this week, following all the other major cryptocurrencies such as BTC, ETH, BCH, in a sign that the bear market that started… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
