Crypto-currency market: lightcoin is near significant resistance

The LTC/USD pair has been trading in a downtrend for the last three weeks, with the upper boundary at the level of 53.000-55.000. In this zone, it is necessary to expect a reversal of the upward correction movement and the resumption of the downtrend. Transactions for sale are considered: risky – on resistance to resistance levels, more conservative – with fixing below the 52.000-50.000 zone. Goals and support are located at the levels: 46.000 and 43.000.

LTC/USD chart. Current price – 52.500

Read also: “Emerging markets and their prospects: Mexican Peso (MXN)”

Andre Green

 

Earn with the help of the trade service on the news Erste News!

Topical articles of the trader’s blog:

1. Prospects for the dollar by the end of September beginning of October 2018
2. The EU and the UK are making compromises on Brexit
3. Singapore dollar. Features of trade.

Current Investment ideas:

1. Preparing to have profits on an optimistic report of Alcoa Inc.!
2. On weak reporting of Boeing shares we can get a strong income!