íàçâàíèå

Litecoin Price Analysis: Can LTC/USD Continue Higher?

Litecoin Price Analysis: Can LTC/USD Continue Higher?

However, the price is currently trading near a major support at $155 and the 100 hourly simple moving average. There is also a short-term contracting triangle forming with support at $155 on the hourly chart of the LTC/USD pair.

Therefore, the triangle support at $155 and the 100 hourly SMA are important supports. A break below $155 could push the price towards the 50% Fib retracement level of the last leg up from the $137 low to $163 high.

The main support is near $150. As long as the price is above the $150 level, it remains in a positive zone. On the upside, the triangle resistance is at $160. A break above $160 would call for a test of the recent high at $163.

Finally, a push above $165 could clear the path for a run towards $180 in the near term. The overall price structure is positive with bullish signs above $150. Having said that, a break above $160 is needed to avoid further declines.

Trade safe traders and do not overtrade!

20.03.2018 / 01:15 75
Ethereum Price Technical Analysis – Can ETH/USD Break 100 SMA? Ethereum Price Technical Analysis – Can
Key Highlights ETH price is slowly moving higher and it is currently trading above the $520 support against the US Dollar. Yesterday’s highlighted
Cardano Price Technical Analysis – ADA/USD Remains at Risk Cardano Price Technical Analysis –
Key Highlights ADA price declined sharply and is currently trading well below the $0.20 level against the US Dollar (tethered). There is a short-term
Bitcoin Cash Price Technical Analysis – BCH/USD to Break Higher? Bitcoin Cash Price Technical Analysis –
Key Points Bitcoin cash price is holding ground and is currently trading above the $1,040 support against the US Dollar. The BCH/USD pair is
Ripple Price Technical Analysis – XRP/USD Holding $0.75 Support Ripple Price Technical Analysis –
Key Highlights Ripple price is holding a major support area near $0.7500 against the US dollar. There is a monster contracting triangle pattern
Ethereum Price Technical Analysis – ETH/USD Struggling Near 100 SMA Ethereum Price Technical Analysis –
Key Highlights ETH price is trading in a range above the $680 support level against the US Dollar. There is a contracting triangle forming with
Bitcoin Cash Price Technical Analysis – BCH/USD to Trade Higher Bitcoin Cash Price Technical Analysis –
Key Points Bitcoin cash price is recovering and is currently trading above $1,100 against the US Dollar. There was a break above a major contracting
Comments (0)
Add a comment
Comment on