Litecoin (LTC) trading cryptocurrency market update for Jun 12, 2019

Jun 13, 2019 --- Altcoins

Litecoin (LTC) trading cryptocurrency market update for Jun 12, 2019

Daily Chart

it comes as no surprise that LTCBTC has been unable to stay sustainably above the 0.017 level given that this is where the top of the OTE long zone is and where the bottom of the overhead supply area resides at a time when momentum is overbought and the Ichimoku Cloud is bearish, so the market might be ready to pause between ~0.0xx - 0.0xx over the coming days. Having said that, the general bias remains to the upside considering that all of the moving averages are rising once again, multiple levels of dynamic support continue to build, and the volume indications remain favorable, so we'll be looking to buy the dips moving forward if given the opportunity.

Short term Members ProTrade - We will consider a small LONG position on a retracement back down to the 0.0xxx - 0.0xxx area with a stop around 0.0135 and a target of 0.0xxx.

Medium-term Members ProTrade - We will consider a LONG position on a retracement back down to the 0.0xxx - 0.0xxx area with a stop just below the 0.0xxx level and a target of 0.0xx.

Long term Members ProTrade - We will consider a small LONG position on a retracement back down to the 0.00xx - 0.00xx area with a stop just below 0.00xx and a target of 0.0xx.

 

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