LTC/USD retraced from recent highs amid market jitters. The upside is capped by Wednesday’s high at $89.23. Litecoin is changing hands at $84.80, after hitting $89.23 on Wednesday. The coin is unchanged on daily basis, however, the bearish momentum or early Asian hours is gaining traction and threatening to push the coin to critical $80.00. Litecoin’s market value is registered at $4.8B with average trading volume at $289M. While wider adoption is supportive of the prices, overall market sentiments and speculative positioning keep the lid on the recovery attempts. Upcoming cryptocurrency ban, imposed by India’s Supreme court adds pressure to Litecoin. Litecoin technical picture Litecoin is capped by 50-SMA (1-hour chart) at $85.94, once it is cleared, the upside may be extended towards Wednesday’s high at $89.23. On the downside, the support is seen at $83.75 (100-SMA), followed by $81.00 (200-SMA). LTC/USD, the hourly 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 US Dollar hits over 1-week low, risks breaking below 94.00 handle FX Street 3 years LTC/USD retraced from recent highs amid market jitters. The upside is capped by Wednesday's high at $89.23. Litecoin is changing hands at $84.80, after hitting $89.23 on Wednesday. The coin is unchanged on daily basis, however, the bearish momentum or early Asian hours is gaining traction and threatening to push the coin to critical $80.00. Litecoin's market value is registered at $4.8B with average trading volume at $289M. While wider adoption is supportive of the prices, overall market sentiments and speculative positioning keep the lid on the recovery attempts. Upcoming cryptocurrency ban, imposed by India's Supreme court adds pressure… 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.
