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Litecoin dropped a little in the short term but it could give birth to a new bullish momentum. It's trading at 89.05 at the time of writing. It has dropped by 6.00% from yesterday's high of 93.32 to 87.72 today's low.
In the last 24 hours, Litecoin is down by 3.19% but it's up by 4.43% in the last 7 days. Bitcoin's drop forced LTC/USD to slip lower as well.
Technically, LTC/USD could develop a new bullish momentum as long as it stays above the lower median line (lml). This represents a dynamic support. 94.01 represents an upside obstacle.
In the short term, it could move somehow sideways before developing a strong leg higher or a new sell-off.
False breakdowns below the lower median line (lml) may announce that the sell-off ended and that the buyers could take it higher again. This could represent the first buying opportunity.
A bullish closure above 94.01 validates further growth and brings new long opportunities.
¡Los informes analíticos de InstaForex lo mantendrá bien informado de las tendencias del mercado! Al ser un cliente de InstaForex, se le proporciona una gran cantidad de servicios gratuitos para una operación eficiente.
