Litecoin price still holds position above the main long-term trendline in spite of the correction from 2019 high $146.27. Litecoin must clear the resistance at $77-80 to open the door for a retracement towards $100. The new pivotal level is $70 although Litecoin technical point towards an ongoing bearish action. Spot rate: $70.55 Relative change: -0.28 High: 71.7032 Low: 70.1969 Trend: Bearish LTC/USD daily chart Litecoin hanging on the edge of a cliff; if $70 short-term support caves in, it could refresh $60 support. Recovery will continue to be limited towards $100 level mostly capped by the 100 Simple Moving Average at $87.29 and 200 SMA at $99.039. LTC/USD 4-hour chart Litecoin price is trading between the 200 SMA 4-hour resistance and the 100 SMA 4-hour support. The accelerated trendline (dotted) is likely to give in to declines but a major trendline will be of importance later. The Elliot wave oscillator is in its third bearish session in a row. 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 US: National security advisor John Bolton fired – Danske Bank FX Street 4 years Litecoin price still holds position above the main long-term trendline in spite of the correction from 2019 high $146.27. Litecoin must clear the resistance at $77-80 to open the door for a retracement towards $100. The new pivotal level is $70 although Litecoin technical point towards an ongoing bearish action. Spot rate: $70.55 Relative change: -0.28 High: 71.7032 Low: 70.1969 Trend: Bearish LTC/USD daily chart Litecoin hanging on the edge of a cliff; if $70 short-term support caves in, it could refresh $60 support. Recovery will continue to be limited towards $100 level mostly capped by the 100 Simple Moving… 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.
