Menu

Search

  |   Digital Currency

Menu

  |   Digital Currency

Search

Crypto Technicals: Litecoin retraces brief dip below $129, finds strong support at 110H EMA

LTC/USD chart - Trading View 

Exchange - Coinbase

Support: 129.75 (110H EMA), 122.58 (200H SMA) 

Resistance: 132.82 (5-DMA), 137.28 (Upper BB)

Technical Analysis: Bias Bullish

LTC/USD has retraced brief dip below 129 mark, trades at 131.03 at 08:35 GMT.

The pair has paused downside at 'Channel top', break below will see further weakness.

Price action topped out with a 'Doji' formation at highs, major trend though  still bullish.

Signs of near-term correction keeps scope for some more downside.

The pair has edged higher after some consolidation around 110H EMA which is offering support at 129.75.

Retrace into channel could see dip till 21-EMA at 116.51. Bullish invalidation only below 200-DMA.

Resumption of upside will see next bull target at 165 levels.

For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex
 

  • ET PRO
  • Market Data

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

July 2 15:00 UTC Released

DKCurrency Reserves

Actual

449.6 Stale

Forecast

Previous

451.7 Stale

July 2 13:45 UTC Released

USISM NY Biz Conditions

Actual

50 %

Forecast

Previous

48.6 %

January 31 00:00 UTC 774156774156m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 774156774156m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 785976785976m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 774156774156m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 785976785976m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 774156774156m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 774156774156m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 774156774156m

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.