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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
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ARAnnual Primary Balance*

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2016 bln ARS

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Bln AR bln ARS

January 22 19:00 UTC 221783221783m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 209963209963m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 209963209963m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 209963209963m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

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