Breakout on one chart while support on another. Recipe for a continued, steady run up. Litecoin bulls have a great technical set up to cheer for as the price continues to move up in a slow and steady manner after a breakout from a descending trendline and now continues to trade above anothe trendline, in a sign of more gains to follow. LTC/USD is down 0.4 percent on the day at $123.145, trading in a narrow band of $122.29 – $123.884 in a thinly traded low volatile weekend trading. On the 120-minute chart, LTC broke out of a descending trendline that has been acting as a tough resistance since the start of last May and continues to rise up in a slow and steady manner after this breakout. On the 30 minute charts, the price is taking support on the rising trendline too. From long term perspective immediate resistance is now placed around $127, 23.6 percent fibonacci retracement of the entire fall from May high. LTC/USD 120-minute chart: LTC/USD 30-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 Monero price analysis: Parallel channel or a rising wedge? IMF says Blockchain will make financial transactions more secure and faster FX Street 5 years Breakout on one chart while support on another. Recipe for a continued, steady run up. Litecoin bulls have a great technical set up to cheer for as the price continues to move up in a slow and steady manner after a breakout from a descending trendline and now continues to trade above anothe trendline, in a sign of more gains to follow. LTC/USD is down 0.4 percent on the day at $123.145, trading in a narrow band of $122.29 - $123.884 in a thinly traded low volatile weekend trading. On the 120-minute chart, LTC broke out of a descending trendline… 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.
