LTC/USD formed a high at $81.92 before reverting to the current value of $80.92. Litecoin is poised to move sideways in the short-term even as technical stay positive. LTC/USD has been trading sideways above key support established at $75.00 following the drop on April 11. The upside was limited under the descending trendline until the breakout that occurred today, Thursday 18. Further upside movement stepped above the 50 simple moving average (SMA) 2-hour chart opened the door for a correction above resistance at $80.00. The buyers increased their grip which led to a spike above the 100 SMA 2-hour. LTC/USD formed a high at $81.92 before reverting to the current value of $80.92. According to the relative strength index (RSI) which is horizontal at 56.25, the price is poised to move sideways in the short-term. The indicator has been averaging around 50.00 to show that Litecoin technical structure is still positive although the upside has been capped below $85.00. Another indicator for sideways trading is the MACD which currently hugs the mean line. The former resistance level at $80.00 will function as support. The 100 SMA and the 50 SMA in the 2-hour range will also work to prevent declines below $80.00. However, the key support is observed at $75.00. 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 EUR/USD consolidates the slide near 1.1250, US retail sales eyed FX Street 4 years LTC/USD formed a high at $81.92 before reverting to the current value of $80.92. Litecoin is poised to move sideways in the short-term even as technical stay positive. LTC/USD has been trading sideways above key support established at $75.00 following the drop on April 11. The upside was limited under the descending trendline until the breakout that occurred today, Thursday 18. Further upside movement stepped above the 50 simple moving average (SMA) 2-hour chart opened the door for a correction above resistance at $80.00. The buyers increased their grip which led to a spike above the 100 SMA 2-hour. LTC/USD… 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.
