The 5th largest asset jumps above local resistance during Asian hours. The further recovery is limited. Litecoin (LTC) has experienced a strong growth in recent hours. LTC/USD jumped from 72.77 to as high as $78.23. While the coin retraced to $77.09 byy the time of writing, it is still nearly 4% higher from the beginning of the Asian session. Also, the fifth largest digital asset with the current market value of $4.7 billion has gained over 12.5% in recent 24 hours. Despite the recent recovery, the upside is still capped by psychological $80.00 with 50% Fibo retracement located on approach. Moreover, this barrier is preceded by SMA200 (4-hour) at $78.00. This resistance stopped the upside this morning. Once $80.00 barrier is taken out, $83.26 (May 4 high) and $84.34 (38.2% Fibo retracement) will come into focus. On the downside, the initial support lies with $75.00 (61.8% Fibo retracement) and $74.00 handle, strengthened by SMA100 (4-hour). It is followed by May 6 low at $72.28 and psychological $70.00 LTC/USD, 15-min 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 EUR/USD: Reversal pattern? – Commerzbank FX Street 3 years The 5th largest asset jumps above local resistance during Asian hours. The further recovery is limited. Litecoin (LTC) has experienced a strong growth in recent hours. LTC/USD jumped from 72.77 to as high as $78.23. While the coin retraced to $77.09 byy the time of writing, it is still nearly 4% higher from the beginning of the Asian session. Also, the fifth largest digital asset with the current market value of $4.7 billion has gained over 12.5% in recent 24 hours. Despite the recent recovery, the upside is still capped by psychological $80.00 with 50% Fibo retracement located on approach.… 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.
