Technical analysis Litecoin LTC/USD - 21.11.2017

in litecoin •  2 months ago

LTC is ranked 6th in the ranking of all cryptocurrencies in terms of capitalization. In the last few days we see it growth, while in the last 24 hours its rate has fallen by almost 2%.

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From a technical point of view, we are still in the growth channel. After an unsuccessful attempt to break from the bottom, the price turned around and given the opportunity to take a long position (support test from the top at 55.5 USD), reached the first target set by us - 71.7 USD.

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We are now on the resistance from which we already had the first corrective reaction. If the price will go up now and will test this resistance from the top as support already, it will be a good place to buy. Alternatively, if the price falls again, then level 66.5 will be the second place to buy.

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Feel free to use our templates on the mt5 platform at the XM brokers. If you upload it to your platform you will have a ready technical analysis created by us. The instructions for loading templates are included in the last analysis.

XM M5 4H - https://jpktraders.pl/szablony/211117BTC-4h.tpl

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