Cryptocurrencies Outlook | LITECOIN
Tuesday, 10th July 2018
Note: I use New York Close Chart for all my Trading Analyze.
LTC/USD
LTC remains the weakest among the trio of cryptocurrencies tracked.
Since hitting a high on July 3 at 89.12, LTC has been under constant selling pressure.
To date, it has been a week that LTC has yet to register a new high.
Instead, it has been chalking up lower highs and lower lows since the last peak.
This does not bode well for the immediate bullish case. In spite of this, in so long as 72.02 is not taken out, the counter-trend rise remains intact.
LTC is currently trading within the demand zone at 77.30 – 79.76 and if this area holds, a rally from here is still possible.
A sustained rally above 90.53 would allow the shifting of the stop-loss order from 72.00 to just below the last swing low at 77.30.
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