LTC/USD is rangebound with downside bias. $100 turned from key support into critical resistance. Litecoin has been trading below $100 since June 16 amid bearish sentiments dominating on the cryptocurrency market. Currently, the 6th largest digital coin is changing hands at $96.50, off the recent low reached at $88.69. Litecoin’s market value is registered at $5.5B with average trading volume at $300M. The coin is down 1.3% on daily basis with volatility rising slightly during a recent couple of hours. Litecoin is down nearly 60% since the beginning of the year, but it is still 120% higher on year-on-year basis, which is in agreement with global cryptocurrency market dynamics. Litecoin technical picture LTC/USD is locked in a tight range, limited by $100 on the upside and $93.00 on the downside. A clear breakout in either direction will add momentum and define the near-term direction for Litecoin. The resistance is created at $107.29, which is 100-SMA (4-hour chart). Once it is taken out, the upside may be extended towards $116.80 (200-SMA). On the downside, the key support is registered at $91.00, followed by $90.00. Once broken, the recent low at $88.69 will come into focus. LTC/USD, 4-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 Iran’s OPEC Governor: OPEC should stick to existing oil supply cut deal for rest of 2018. FX Street 3 years LTC/USD is rangebound with downside bias. $100 turned from key support into critical resistance. Litecoin has been trading below $100 since June 16 amid bearish sentiments dominating on the cryptocurrency market. Currently, the 6th largest digital coin is changing hands at $96.50, off the recent low reached at $88.69. Litecoin's market value is registered at $5.5B with average trading volume at $300M. The coin is down 1.3% on daily basis with volatility rising slightly during a recent couple of hours. Litecoin is down nearly 60% since the beginning of the year, but it is still 120% higher on year-on-year… Top 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.
