LTC is LIVE on Bitstamp - Litecoin Technical Analysis (June 24, 2017)

in #litecoin • 7 years ago

litecoin.jpg

Let there be Litecoin...

is the title of the email I received from Bitstamp about two hours ago. Bitstamp is now trading these pairs of Litecoin - LTC/USD, LTC/EUR and LTC/BTC. This is a step forward for Litecoin and should have a positive impact on its price over the long term. But what can we expect over the short term?

Technical Analysis (LTC/BTC)

Despite the good news, Litecoin is not looking good over the short term as its technicals are stressed out after last week's big breakout.

ltcbtc_24jun2017.png

Looking at the 4-hour chart, we can expect Litecoin to make a leap down to the major support line at 0.0126 in the next few days before regaining its strength to take the next flight of stairs up.

Trade Entry: 0.0129
Trade Exit: 0.0158
Trade Profit: 22.48% Gain

Disclaimer: Please always do your own due diligence, and consult your financial advisor. My trades are solely intended for personal use. I never provide any actual trading recommendations. Trading remains at your own risk. Never invest unless you can afford to lose your entire investment.

#money #bitcoin #altcoin #cryptocurrency
7 years ago in #litecoin by
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     7 years ago 

    Great post man keep it up

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     7 years ago 

    Thanks for the support!

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       7 years ago 

      Congratulations! This post has been upvoted from the communal account, @minnowsupport, by bibboyne from the Minnow Support Project. It's a witness project run by aggroed, ausbitbank, teamsteem, theprophet0, and someguy123. The goal is to help Steemit grow by supporting Minnows and creating a social network. Please find us in the Peace, Abundance, and Liberty Network (PALnet) Discord Channel. It's a completely public and open space to all members of the Steemit community who voluntarily choose to be there.

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