LTC USD
The LTC/USD pair has been in a strong downtrend since peaking out at $370 in December of last year. Though there was an attempt to form a base at $47.246, the bears broke down on Nov. 13 and resumed the downtrend. There was another attempt to defend the support at $29.349, but it did not hold even for a week.
Currently, the downtrend has resumed and the next support on the downside is the $19–$21 zone. If this also fails to hold, the fall can extend to $15. The RSI has reached oversold levels, last seen in the beginning of 2015.
If the digital currency rebounds from current levels and climbs above $29.349, it will indicate that the markets have rejected lower levels. In such a case, a pullback to $47.246 is probable. However, as the bears have an upper hand, the traders should wait for the trend to reverse before attempting a long position in it.
Currently, the downtrend has resumed and the next support on the downside is the $19–$21 zone. If this also fails to hold, the fall can extend to $15. The RSI has reached oversold levels, last seen in the beginning of 2015.
If the digital currency rebounds from current levels and climbs above $29.349, it will indicate that the markets have rejected lower levels. In such a case, a pullback to $47.246 is probable. However, as the bears have an upper hand, the traders should wait for the trend to reverse before attempting a long position in it.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.