After the bear phase from 140 down to 60 the price has now made a lower high and a lower low on the 4-hour chart. This is significant as the bear market was so fierce. The RSI indicator has also pushed higher but price consolidating and needs a firm break of 70. The resistance level at 71.27 is holding firm for now and if we do see a sustained break watch to see if it on big volume. On the downside 62 is the main support and a break under that support would mean the downtrend is back in tack. 74.12 is the main value area on the chart. This is the price where most contracts changed hand and is also known as the value area. This chart is indicating the LTC/USD pair could move higher but as long as that resistance is broken. 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 EUR/JPY clings to gains above 118 supported by upbeat sentiment FX Street 4 years After the bear phase from 140 down to 60 the price has now made a lower high and a lower low on the 4-hour chart. This is significant as the bear market was so fierce. The RSI indicator has also pushed higher but price consolidating and needs a firm break of 70. The resistance level at 71.27 is holding firm for now and if we do see a sustained break watch to see if it on big volume. On the downside 62 is the main support and a break under that support would mean the downtrend is back 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.
