LTC forming patterns that suggest it is bottoming out. Long way to the resumption of bull market yet. Litecoin, which has gone down to become seventh largest cryptocurrency after Stellar Lumens overtook it, is in the process of bottoming out, though resumption of a bull market is still far away. LTC/USD is down about a percent at $82.646, near low point of the day and trading in a band of less than 2 percent for the day – sign of low volume weekend trading. On the daily chart, LTC although did bounce above the earlier lower high but failed to sustain it. For now, it is holding up above its 21 days simple moving average and should target that lower high again, which is placed around $95. For bull market to resume, it should convincingly be able to cross past descending trendline, currently placed at $107. 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 GBP/USD: Wary Of Fading Weakness Here As USD Remains Well Supported – BNPP Yohay Elam 5 years LTC forming patterns that suggest it is bottoming out. Long way to the resumption of bull market yet. Litecoin, which has gone down to become seventh largest cryptocurrency after Stellar Lumens overtook it, is in the process of bottoming out, though resumption of a bull market is still far away. LTC/USD is down about a percent at $82.646, near low point of the day and trading in a band of less than 2 percent for the day - sign of low volume weekend trading. On the daily chart, LTC although did bounce above the earlier lower high but failed to… 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.
