LTC/USD - Litecoin, the "silver" to Bitcoin "gold"

LTC trading near Resistance of 55-56 and a move above that would result in a rally towards 62.0

Potential buy trade scenario on Litecoin :

Price will need to retest 22 for a 3rd time with a minor bounce off of that area and break below . If this happens - buy limit around 10 with possible False break of 22 .

Although this could take months to form or even a year , there is a nice potential 10 R to 14 R move or even higher with NO LEVERAGE .

LTC has an important support around 50 on the 4H chart, a break below would lead to a retest of recent lows.

LTC has completed its corrective rally upwards and is perhaps headed to a retest of the lows which was seen earlier this month.

LTC on its way towards 40.30

LTC showing intra-day support near 50.0

Attachment 4235983

LTC displaying support near 49, which if breaks will trigger a fall towards 40

LTC broke below 49, its support and had recovered slight but increasingly likely it looks to be headed towards 40.0

LTC is trading just at its support near 48 and a break below that targets 40

LTC has had a nice uptrend and has now moved above its downward sloping trendline. The recovery is likely to test 75

The immediate important resistance for LTC comes in at 60.0

LTC has been facing resistance near 60 and a move above that would trigger a sharp rally.

LTC failed to cross above 60 and there is change of a test of 50 while trading below that.

LTC continues to trade below its resistance of 60-61

LTC has been ranging within 61 and 54 and that is likely to persist for now:

LTC broke below $56 and is seeing a sharp fall. The next support comes in near $51

LTC has surged, but is still trading below 61-62 resistance. A move above that would see an increase in momentum on the upside.

The next line of Resistance for LTC comes in near 71.0

LTC is stuck sideways and failing to move above 61-62 region convincingly. That needs to be crossed on a sustained basis for a fresh uptrend.

LTC continues to be directionless as shown by flattish 20-day MA: