• Home
  • Strategies
  • VPS
  • Education
    • Trading Basics
      • Forex Basics
      • Who Trades Forex and Why?
      • Learn to Trade
    • Top Cryptocurrencies
      • What is Cryptocurrency?
      • The Major Cryptocurrencies Traded Globally
      • Cryptocurrency Liquidity
      • Cryptocurrency Trading Strategies
      • Basic Understanding of Bitcoin
      • Basic Understanding of Ethereum and Its Currency Ether
  • About Us
  • Contact
  • FAQ
  • Glossary
USDMXN Closer to Support
August 7, 2020
eurmxn-traderscolo
EURMXN Could Start a Downtrend
August 10, 2020

Litecoin Tests Resistance

Published by TradersColo at August 10, 2020
Categories
  • cryptocurrency
Tags
  • chart patterns
  • ltcusd
  • technical indicators
  • trend analysis
ltcusd daily chart

LTCUSD CHART PRICE – LTCUSD DAILY

LTCUSD tested the resistance identified at 59.21, it is still early to know if there could be a breakout, however some conditions are set for the price to continue its uptrend, first we have the Relative Strength Index at 61% which is not overbought yet, it has been oscillating between 67 and 60 for the last 9 trading days, the price currently trades above the Ichimoku cloud which is another indicator that an uptrend could continue, although the bollinger bands are getting narrower, they are still very wide, so there is not a very strong chance of a trend change but we can expect volatility, the moving averages are moving up fast, indicating an uptrend as well, the thing is that can never tell what’s gonna happen with cryptos, but Litecoin has remain relatively steady in the last week.

This post does not provide Financial Advice for traders, its merely purpose is education, use all the information available from different Analysts and build your own strategy, trading is not for everyone, you should only trade with money you can afford to lose, past performance is not an indicator of future results.

Share
1
TradersColo
TradersColo

Related posts

October 8, 2020

BTCUSD Low Volatility


Read more
October 7, 2020

ETHUSD Unable To Break Resistance at 351.48


Read more
October 7, 2020

LTCUSD Low Volatility


Read more

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Search Strategies

Browse by Asset Class

  • commodities
  • cryptocurrency
  • debt
  • energy
  • equities
  • forex
  • indices
  • precious metals

Recent Articles

  • 0
    GBPMXN Breaks Support at 26.67
    October 9, 2020
  • eurmxn-traderscolo0
    EURMXN Tests Resistance at 25.18
    October 9, 2020
  • 0
    USDMXN Continues Downtrend
    October 8, 2020
  • 0
    BTCUSD Low Volatility
    October 8, 2020
  • 0
    ETHUSD Unable To Break Resistance at 351.48
    October 7, 2020
  • 0
    LTCUSD Low Volatility
    October 7, 2020

Follow Us for Real Time Updates From Our Analysts

  • Facebook
  • Instagram
  • Twitter

Cookies

Privacy Policy

Risk Disclosure

Terms of Use

Follow TradersColo

© 2012 - 2021 Traderscolo. All Rights Reserved.