LTC is still dealing with oversold conditions despite the shallow recovery from lows around $42. Litecoin has a short term bullish bias while the long term target remains unchanged at $100. Spot rate: $46.18 Relative change: 0.53 Percentage change: 1.16% Trend: Bullish Volatility: Shrinking LTC/USD daily chart The five-month-long descending trendline resistance must come down for the desired bullish action to occur. The 50 SMA and the 200 SMA wide gap clearly shows that the sellers are still in charge. LTC/USD 240′ chart Litecoin bulls wake up ready for revenge; the MACD’s bullish cross shows the short-term trend turning in the favor of the buyers. The descending channel resistance barricades the immediate upside making recovery difficult. LTC/USD 1-hour chart Litecoin corrects higher above a short term ascending trendline support. The 50 SMA and the 21 SMA come out as formidable support lines in the near-term. 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 WTI manages to stay above 200-day SMA amid US-China trade positive headlines FX Street 3 years LTC is still dealing with oversold conditions despite the shallow recovery from lows around $42. Litecoin has a short term bullish bias while the long term target remains unchanged at $100. Spot rate: $46.18 Relative change: 0.53 Percentage change: 1.16% Trend: Bullish Volatility: Shrinking LTC/USD daily chart The five-month-long descending trendline resistance must come down for the desired bullish action to occur. The 50 SMA and the 200 SMA wide gap clearly shows that the sellers are still in charge. LTC/USD 240' chart Litecoin bulls wake up ready for revenge; the MACD's bullish cross shows the short-term trend turning in… 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.
