• Fri, 19 Jul 2019, 04:36 PM
  • All times are UTC
  • Edition:
    International
Copy link
Increase text size
Decrease text size
Link copied

Crypto Technicals: LTC/USD hits 7-week lows below $100 mark, close below 110-EMA (100.46) could see more weakness

Thu, 11 Jul 2019, 07:02 am UTC

LTC/USD chart - Trading View

Exchange - Coinbase

Support: 84 (May 17 low); Resistance: 115 (55-EMA)

Technical Analysis: Bias Bearish

LTC/USD is extending weakness for the 4th straight week, bias is bearish.

The pair hit 7-week lows at 95.25 before paring some losses to trade at 102.30 at 06:00 GMT.

Price action has retraced dip below 110-EMA support (100.46), close below will see further downside.

Technical analysis points to further weakness for the pair. Price action has dipped below daily cloud.

MACD supports weakness and ADX is rising with negative DMI dominance.

Stochs and RSI are sharply lower and volatility is rising as evidenced by widening Bollinger Bands.

Decisive break below 110-EMA (100.46) will take the pair lower, test of 84 (May 17 low) likely.

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

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
  • Greg
  • 2019.07.12 06:22:55
Bitcoin is on the rise. This is a warning to all bitcoin investors, Don't be a victim. Most investment, forex/binary options companies out there are fraudulent. They are all scams. I have been a victim of their activities. I invested about $175,000 and when i wanted to withdraw after some weeks, I was unable to reach their contact numbers or emails with which we stayed in touch. I assumed they were having some maintenance routing check, as that had happened in the past. After some weeks, I was contacted again by them and was asked to invest which i refused and told them i wanted to withdraw my money. After this, i didn’t hear from them again. At this point, I started to feel like i had been duped. I was lost and shattered as i had lost most of my savings. I was depressed for about 4 months. I was too ashamed to tell anyone about it, not even my children. I finally summoned the courage to tell my friend who came to visit me in the UK from New Zealand. He told me about a firm which specializes on helping get money back called bitcoin retrieval genius. I contacted them and was guided to recovering most of my money. It was a great feeling to get some of my money back, as i had given up all hope.You can also contact him via bitcoinretrievalgenius at gmail dot com.
  • 0
  • ·
  • 0
More
  • Bitcoin (BTC) $10,368.80 (-1.12%)
  • Ethereum (ETH) $218.21 (-2.76%)
  • XRP (XRP) $0.316200 (-2.20%)
  • Litecoin (LTC) $96.15 (-4.03%)
  • Bitcoin Cash (BCH) $298.77 (-5.05%)
  • Bitcoin (BTC) $10,368.80 (-1.12%)
Jul 19, 2019 (Friday)
11:17
Crypto Technicals: XRP/USD grinds lower along 200H SMA, break below 5-DMA to see further weakness
11:12
Binance Jersey announces listing of GBP-backed stablecoin ‘BGBP’
10:32
Rape and sexual harassment case against bitcoin developer blows up
10:15
New Jersey accuses blockchain firm Pocketinns of selling $410K unregistered securities
09:59
Crypto Technicals: LTC/USD struggles at 110-EMA, bias bearish
09:58
Blockchain firm Algorand joins International Swaps and Derivatives Association
09:22
Neo, Ontology partner to develop blockchain interoperability protocol
07:35
Consumer advocates call on Libra partners to withdraw collectively from Facebook's crypto project
07:31
Apple's Steve Wozniak invests in blockchain-based energy efficiency firm 'Efforce' in Malta
07:28
Cryptocurrency exchange ErisX joins U.S. Chamber of Digital Commerce
07:26
LibertyX exceeds 1,000 bitcoin ATMs in the U.S. via new partnership
06:59
Blockchain interest dropping, DLT in trouble?
06:37
Waves founder launches Waves Enterprise to develop corporate blockchain solutions
06:03
IRS goes after cryptocurrency users misreporting transactions
05:05
Facebook's Libra, other cryptocurrencies pose risk of global economic destabilization: G7
04:42
Anchorage receives charter to open crypto custody shop in South Dakota
04:27
Bank of Thailand's DLT-focused Project Inthanon advances to Phase III
Jul 18, 2019 (Thursday)
11:52
MOBI launches first vehicle identity standard on blockchain
11:49
FATF approves Japan’s plan to establish global network for crypto payments: Report
11:13
Crypto Technicals: ETH/EUR downside pauses shy of 200-DMA, bullish divergence on intrday charts keeps scope for upside
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.
PUBLISHsoft