LTC/USD breaks below intraday movign averages There is a chance for recovery as the trendline is not broken Litecoin is changing hands at $83.55, off early Asian lowcreached at $82.78. The coin has lost 4% on a daily basis and stayed unchanged since the start of Friday. While Litecoin failed to hold the recent gains amid global correction on the cryptocurrency market, it still has a potential to resume the upside as long as the price stays above short-term rising trendline, currently at $82.90. The market value of the seventh largest coin settled at $4.8B, the average daily trading value is registered at $303M. Litecoin’s technical picture From the technical point of view, LTC/USD moved below all short-term moving averages due to profit-taking after a strong rally earlier this week. On the intraday level, Litecoin is supported by the above-mentioned trendline ($82.90) followed by $81.00. The bulls still have a chance to remedy the situation as long as the price stays above this level. On the upside, the first hurdle comes at $84.90 (200-SMA, 1-hour chart), followed by $85.00. If this area is cleared, the recovery may be extended towards $85.80 and $86.16 (100 and 50-SMAs, 1-hour chart). 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 Russia’s Novak: Russia does not use stocks in tanks to help boost oil output – Reuters FX Street 5 years LTC/USD breaks below intraday movign averages There is a chance for recovery as the trendline is not broken Litecoin is changing hands at $83.55, off early Asian lowcreached at $82.78. The coin has lost 4% on a daily basis and stayed unchanged since the start of Friday. While Litecoin failed to hold the recent gains amid global correction on the cryptocurrency market, it still has a potential to resume the upside as long as the price stays above short-term rising trendline, currently at $82.90. The market value of the seventh largest coin settled at $4.8B, the average daily trading value… 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.
