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The price of LTC/USD crashed in the short term as the BTC/USD plunged. Bitcoin's deeper drop should force the altcoins to decline lower. Still, after its strong downside movement, we cannot exclude a temporary rebound. It was trading at 84.58 at the time of writing.
LTC/USD dropped by 13.14% from last May 17 to 82.52 today's low. In the last 7 days, LTC/USD is down by 7.51% and by 1.53% in the last 24 hours.
Technically, LTC/USD found resistance at 94.01, and now it has reached the lower median line which represents a downside obstacle (dynamic support). As long as it stays above this support, the altcoin could turn to the upside again.
The 82.11 former high represents a static support. It remains to see how LTC/USD will react around the immediate downside obstacles.
False breakdowns below the lower median line (lml) could announce a new leg higher, which could represent the first bullish signal.
A new lower low, dropping and closing below 82.11 activates more declines.
*এখানে পোস্ট করা মার্কেট বিশ্লেষণ আপনার সচেতনতা বৃদ্ধির জন্য প্রদান করা হয়, ট্রেড করার নির্দেশনা প্রদানের জন্য প্রদান করা হয় না।
ইন্সটাফরেক্স বিশ্লেষণমূলক পর্যালোচনাগুলো আপনাকে মার্কেট প্রবণতা সম্পর্কে পুরোপুরি সচেতন করবে! ইন্সটাফরেক্সের একজন গ্রাহক হওয়ায়, দক্ষ ট্রেডিং এর জন্য আপনাকে অনেক সেবা বিনামূল্যে প্রদান করা হয়।
