Trading plan: LTCUSD (Litecoin)

15 Jul 2018

Current situation:
The price of Litecoin is still in range. We believe that the Litecoin rate will grow from the support levels.
Key levels are used by traders to identify immediate targets, limit losses, fix profit, entry points.
Resistance levels:
$ 100;
$ 90;
$ 80.
Support levels:
$ 73;
$ 70.
Forecast:
The growth of Litecoin rate from the level of $ 73 to $ 90.

15 Jul 2018

Nota

Trend Analysis: LTC / USD (Litecoin)
Litecoin asset trend remains descending. LTC / USD is traded in a descending channel with a resistance level of $81 and support of $52.

Current situation:
Today, the Litecoin rate is growing and broke its resistance at around $77. In case the LTC / USD price continues its growth and breaks the level of $80, then we forecast targets in the zone: $88- $94.

Key levels are used by traders for determining immediate targets, limiting losses, fixing profits, entry points.

Resistance levels:

1. $81;

2. $88;

3. $94.

Support levels:

1. $72;
2. $66;
3. $52.

Forecast:
The rise in the price of Litecoin from the level of $81 with the target of $88.