Crypto-currency market: lightcoin keeps a downtrend
The pair LTC/USD continues to trade in a downtrend, as indicated by another update of the low of the month at 110.000. In conditions of maintaining the downward dynamics and the oversold of the instrument, transactions for sale should be considered after a short correction from the resistance levels: 115,000 and 120,000. The goal is the April lows: 108,000 and 103,000.
Fig. LTC/USD. Current price – 113.000
Also, read “Equidistant channel – Trade Strategy“
Dani Levitan