Litecoin’s recovery is losing traction. LTC/USD may enter a consolidation mode. Litecoin (LTC) has regain the ground lost during early Asian hours amid the massive sell-off on the cryptocurrency market. The 5th largest digital asset is trading at $72.60, mostly unchanged since this time on Thursday and 2.5% higher from the beginning of Friday. Litecoin price technical picture LTC/USD recovery stalled in the recent hours as the selling interest re-emerged on approach to $175.00 resistance strengthened by SMA100 (1-hour) and 61.8% Fibo retracement level. Once the price manages to clear this barrier, the upside momentum is likely to gain traction with the next aim at $78.00 (SMA200 1-hour). On the downside, a clear move below $70.00 will expose the recent low of $69.38 and $69.00. A sustainable move lower will send an ominous signal to markets, precipitating crash towards $60.00. Meanwhile, the intradaty Relative Strength Index stays flat in the neutral position, implying that the coin may enter a consolidation mode, adapting to the shifting sentiments on the market 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 FX option expiries for Apr 26 NY cut FX Street 4 years Litecoin's recovery is losing traction. LTC/USD may enter a consolidation mode. Litecoin (LTC) has regain the ground lost during early Asian hours amid the massive sell-off on the cryptocurrency market. The 5th largest digital asset is trading at $72.60, mostly unchanged since this time on Thursday and 2.5% higher from the beginning of Friday. Litecoin price technical picture LTC/USD recovery stalled in the recent hours as the selling interest re-emerged on approach to $175.00 resistance strengthened by SMA100 (1-hour) and 61.8% Fibo retracement level. Once the price manages to clear this barrier, the upside momentum… 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.
