LTC/USD is rangebound after Tuesday’s sell-off. Traders see glass half-empty. Litecoin is changing hands at $76.22, unchanged since the beginning of the day and down 6% on daily basis amid another wave of bearish momentum on global cryptocurrency market. Litecoin’s market value is registered at $4.3B with average trading volume at $260M, which is substantially lower from $400M on Tuesday. Litecoin lost about $1B of its value in just a week. Over the past 24 hours, crypto markets lost another $12 billion, sliding from $255 to $243 billion as traders tend to see their glass half empty. Facebook partially lifted crypto advertising ban, but the industry merely noticed it. Read more about Facebook decision Litecoin technical picture Litecoin’s intraday picture is dominated by bearish signals. The price stays deep below hourly MAs with the first strong resistance area located at $80.00-$80.50 and followed by $87.7 (200-SMA, hourly chart). While the ultimate bullish goal is still at $90.00, the chances to get there are slim. On the downside, the support is created by $74.00. Once it is broken, $73.33 will come into focus. 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 ECB: Dovish impact of June meeting – Rabobank FX Street 5 years LTC/USD is rangebound after Tuesday's sell-off. Traders see glass half-empty. Litecoin is changing hands at $76.22, unchanged since the beginning of the day and down 6% on daily basis amid another wave of bearish momentum on global cryptocurrency market. Litecoin's market value is registered at $4.3B with average trading volume at $260M, which is substantially lower from $400M on Tuesday. Litecoin lost about $1B of its value in just a week. Over the past 24 hours, crypto markets lost another $12 billion, sliding from $255 to $243 billion as traders tend to see their glass half empty. Facebook partially lifted… 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.
