LTC/USD has recovered from recent lows, but the upside is limited. The short-term picture implies consolidation. Litecoin is changing hands at $45.30, off the recent low touched at $42.96. The coin takes the fifth place in the global rating of Digital assets with total capitalization over $2.7B. Litecoin lost 8% of its value in recent seven days amid a bout of bearish correction following a sharp rise towards $54.00. On the intraday level, Litecoin’s recovery is capped by SMA100 (4-hour) at $45.80. Once this short-term barrier is cleared, the upside may gain traction with the next focus on $47.00 guarded by SMA100 (1-hour) and $48.00 (SMA50 4-hour and SMA200 1-hour). A sustainable recovery above the said area will increase the chance of retesting the recent high of $54.00. On the downside, the support is created by $44.00-$43.90 congestion zone, followed by the recent low of $42.90. Considering that the Relative Strength Index (RSI) is flat in the neutral zone, the coin is likely to stay rangebound within the nearest sessions with the potential to resume the upside provided that the overall sentiments improve across the cryptocurrency market. LTC/USD, 1H 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/GBP in fresh 2019 lows near 0.8550 FX Street 4 years LTC/USD has recovered from recent lows, but the upside is limited. The short-term picture implies consolidation. Litecoin is changing hands at $45.30, off the recent low touched at $42.96. The coin takes the fifth place in the global rating of Digital assets with total capitalization over $2.7B. Litecoin lost 8% of its value in recent seven days amid a bout of bearish correction following a sharp rise towards $54.00. On the intraday level, Litecoin's recovery is capped by SMA100 (4-hour) at $45.80. Once this short-term barrier is cleared, the upside may gain traction with the next focus on $47.00… 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.
