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FxWirePro: LTCUSD faces strong trend line support at 125, break below targets 109

  • LTC/USD is continuing its weakness for third consecutive week. The pair shown a minor recovery till 153.01 and started to decline. It is currently trading around 131.83. The slight jump in this pair has been using as selling opportunity by traders.  The pair has formed major double bottom around 109 and any major weakness only below that level.
     
  •  The near term solid resistance is around 153.55 (20- day MA) and any convincing break above will take the pair to next level till 161 (200- day MA)/175/183 (100- day MA)/195 (Mar 10th high)/250.
     
  • On the lower side, any break below 125 (trend line support) confirms minor weakness and a decline till 130/120/105 is possible.

    It is good to sell on rallies around 138-140 with SL around 153 for the TP of 109

 

 

 

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2018-12-11 00:43:16
0m

December 11 01:00 UTC Released

PHTrade Balance USD

Actual

-4212 Stale

Forecast

Previous

-3927 Stale

December 11 01:00 UTC Released

PHImports YY

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21.4 Stale

Forecast

Previous

26.1 Stale

January 31 00:00 UTC 452298452298m

ARAnnual Primary Balance*

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Forecast

2016 bln ARS

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Bln AR bln ARS

January 31 00:00 UTC 452298452298m

ARAnnual Primary Balance*

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2016 bln ARS

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Bln AR bln ARS

January 22 19:00 UTC 464118464118m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 452298452298m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 464118464118m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 452298452298m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 452298452298m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 452298452298m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

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