LTC/USD lost 3.6% since the start of the day. Long-term trend is bearish, $90.00 needs to be taken. Litecoin is changing hands at $85.80, off early Asian high reached at $90.57. The coin has lost 1.5% on a daily basis and 3.6% since the start of Wednesday. While Litecoin failed to hold the early gains, it still has a potential to resume th upside after a short-term correction from an overbought territory, provided that the sentiments remain positive. The market value of the seventh largest coin settled at $4.9B, the average daily trading value is registered at $374M. Litecoin’s technical picture From the technical point of view, LTC/USD tested area above psychological $90.00, but retraced lower due to profit-taking. The long-term trend is still bearish as the upside is capped by 50-DMA, currently at $88.97; on the intraday level, Litecoin is supported by 50-SMA ($85.65, 1-hour chart). The bulls still have a chance to take the situation under control as long as the price stays above this level. Once $90.00 handle is cleared, the price will move to 23.6% Fibo at $99.41 and continue moving to psychological $100. 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 Bitcoin price analysis: BTC/USD bull rally loses momentum above $8,400 FX Street 5 years LTC/USD lost 3.6% since the start of the day. Long-term trend is bearish, $90.00 needs to be taken. Litecoin is changing hands at $85.80, off early Asian high reached at $90.57. The coin has lost 1.5% on a daily basis and 3.6% since the start of Wednesday. While Litecoin failed to hold the early gains, it still has a potential to resume th upside after a short-term correction from an overbought territory, provided that the sentiments remain positive. The market value of the seventh largest coin settled at $4.9B, the average daily trading value is registered at $374M. Litecoin's technical… 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.
