The SMA 50 curve acts as immediate market resistance. The Elliott Oscillator has had nine straight red sessions. LTC/USD is currently priced at $55 and has had a bullish start to this Thursday. The daily price chart is still trending in a downward channel formation. The hourly chart for Wednesday and Thursday shows us that the price found intraday resistance at $56 and then eventually dropped down to $55. During this time, LTC/USD has been trending in a narrow $1-range. The price has found immediate resistance at the 50-day Simple Moving Average (SMA 50) curve. LTC/USD daily chart The price is floating below the SMA 20, SMA 50 and SMA 200 curves. The Moving Average Convergence/Divergence (MACD) indicates decreasing bearish momentum, while the Elliott Oscillator has had nine straight red sessions. The Relative Strength Index (RSI) indicator is trending around 40.15, next to the oversold zone. 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 Ex-PBOC Governor Zhou: China still has room for further rate cuts but “¦ FX Street 3 years The SMA 50 curve acts as immediate market resistance. The Elliott Oscillator has had nine straight red sessions. LTC/USD is currently priced at $55 and has had a bullish start to this Thursday. The daily price chart is still trending in a downward channel formation. The hourly chart for Wednesday and Thursday shows us that the price found intraday resistance at $56 and then eventually dropped down to $55. During this time, LTC/USD has been trending in a narrow $1-range. The price has found immediate resistance at the 50-day Simple Moving Average (SMA 50) curve. LTC/USD daily chart The price… 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.
