Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

FxWirePro: LTCUSD trades below trend line support, good to sell on rallies

  • LTC/USD is continuing its weakness for third consecutive week. The pair has broken major trend line support at $127 after a minor recovery till $140 on May 20th 2018. The pair has declined till 114.28 and is currently trading around $121. The slight jump in this pair has been using as selling opportunity by traders.  Any weekly close below trend line confirms major trend reversal, and a decline till $84 is possible.
     
  •  The near term solid resistance is around $128 (5- day MA) and any break above will take the pair to next level till $132.48 (10- day MA)/$143.65 (20- day MA).
     
  • On the lower side, any break below $109 confirms minor weakness and a decline till $120/$109 is possible.

    It is good to sell on rallies around $130-32 with SL around 141 for the TP of 109
  • ET PRO
  • Market Data

Market-moving news and views, 24 hours a day >

September 24 19:00 UTC Released

USFCOJ Stock

Actual

0.633 Pounds B

Forecast

Previous

0.691 Pounds B

September 24 19:00 UTC Released

USBeef Stocks

Actual

503.449 Pounds M

Forecast

Previous

485.007 Pounds M

January 31 00:00 UTC 341445341445m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 341445341445m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 353265353265m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 341445341445m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 353265353265m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 341445341445m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 341445341445m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 341445341445m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.