Crypto-currency market: lightcoin keeps the downtrend

A LTC/USD pair remains under the pressure of a downtrend. An additional factor in the decline of this pair is the formation of the “double top” pattern, indicating the potential for decline. Transactions for the sale of a LTC/USD pair are limited to the zone 30.000-29.000, fixing below which will open the way for sellers to support levels: 27.000 and 25.000. Resistance is located at 32.000 and 34.000.

LTC/USD chart. Current price – 30.700

Read also: “Advantages of the StopLoss order before  the strategy “Lock” or“Averaging”  for a novice trader”

Dani Leviant

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

Topical articles of the trader’s blog:

1. Geopolitical risks for the beginning of 2019! (Part 3)
2. Long-term investment in currency pairs! The GBP/USD pair!
3. Geopolitical risks for the beginning of 2019! (Part 2)

Current Investment ideas:

1. Intel Microprocessors for Macro Earnings at the Stock Exchange! Connect!
2. Fabulous profit at Walt Disney shares in January!