LTC/USD has returned to the area above $50.00. The bullish recovery may be limited by intraday SMA50. Litecoin (LTC), the sixth-largest digital asset with the current market capitalization of $3.2 billion, has been consolidating losses during early Asian hours. LTC/USD bottomed at $48.29 on Thursday and recovered to $50.15 by press time. Binance added LTC support to its DEX platform, however, the market is slow to react to the news. Litecoin’s technical picture From the intraday, perspective a strong resistance is now created by SMA50 (Simple Moving Average) at $53.20. Once it is broken, the recovery may be extended towards $54.50, reinforced by SMA100 1-hour at $54.70 and the lower boundary of the previous consolidation channel. On the downside, we will need to see a sustainable move below psychological $50.00 for the sell-off to gain traction with the next ail at Thursday’s low of $48.29. Once it is cleared, October 23 low at $47.20 will come into focus. LTC/USD, 1-hour 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’s Wang: Urges US to meet China halfway FX Street 3 years LTC/USD has returned to the area above $50.00. The bullish recovery may be limited by intraday SMA50. Litecoin (LTC), the sixth-largest digital asset with the current market capitalization of $3.2 billion, has been consolidating losses during early Asian hours. LTC/USD bottomed at $48.29 on Thursday and recovered to $50.15 by press time. Binance added LTC support to its DEX platform, however, the market is slow to react to the news. Litecoin's technical picture From the intraday, perspective a strong resistance is now created by SMA50 (Simple Moving Average) at $53.20. Once it is broken, the recovery may… 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.
