LTC bounces sharply from the long term support. Can’t run hard enough, resistances stare at the bulls. Litecoin, the crypto, has managed to bounce off sharply from the bottom hit after the recent sell-off, but not enough to call it a long term bottom yet, while there are plentiful resistance in its journey up even as bears prepare for their next onslaught. LTC/USD down about 1.7 percent on day at $33.53, not far off from the day’s low. Litecoin’s recent low after the sell-off, co-incides with a long term support on the daily chart, giving some momentum to the bulls to take battle in their hands while bears seemed tired after a sell-off that saw prices dropping by nearly 36 percent in the month of November. While thats a good sign, but not the best yet – bulls face multiple resistances ahead in their journey. First they have a 21-days SMA at $36.63 and then 21 days EMA at $36.73. If crossed, they have a major long term hurdle in the form of descending trendline of the long term triangle, placed at $38.857. Enough for the bears to take control in their hands. LTC/USD daily 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 China US Trade: Trump and Xia gree to a truce FX Street 4 years LTC bounces sharply from the long term support. Can't run hard enough, resistances stare at the bulls. Litecoin, the crypto, has managed to bounce off sharply from the bottom hit after the recent sell-off, but not enough to call it a long term bottom yet, while there are plentiful resistance in its journey up even as bears prepare for their next onslaught. LTC/USD down about 1.7 percent on day at $33.53, not far off from the day's low. Litecoin's recent low after the sell-off, co-incides with a long term support on the daily chart, giving some momentum to the bulls… 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.
