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Crypto Discussion Forum => Cryptocurrency Trading => Cryptocurrency Price Speculations => Topic started by: Nikko on September 25, 2018, 07:43:05 AM

Title: LTC/USD Price Analysis Sep. 24, 2018
Post by: Nikko on September 25, 2018, 07:43:05 AM
The pullback in Litecoin hit a roadblock at $63.650 on September 23. It is currently trying to take support at the moving averages.

(https://i.imgur.com/dA6igeR.png)

The LTC/USD pair is currently in a consolidation between $49.466 and $69.279. Both moving averages have flattened out and the RSI is at the midpoint, suggesting that the range bound action might continue for a few more days.

A breakout of the overhead resistance will complete a double bottom pattern, which has a pattern target of $89. A break below the moving averages could sink the digital currency back to the bottom of the range. We recommend traders attempt a long position only on a breakout and close (UTC time frame) above $69.279. 

Source (https://cointelegraph.com/news/bitcoin-ethereum-ripple-bitcoin-cash-eos-stellar-litecoin-cardano-monero-dash-price-analysis-september-24)