Sally Ho's Technical Analysis 30 July 2019

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Litecoin Litecoin (LTC/USD) lacked decisive conviction in today’s Asian session as the pair continues to search for market sentiment following its recent sharp decline from the 96.53 area to the 86.57 level.  The move on Saturday to the 96.53 area saw the pair unable to move far above its 50-bar MA (4-hourly) and 100-bar MA (4-hourly), or its 200-bar MA (hourly). In recent trading sessions, the pair has hugged the 88.68 area, representing the 23.6% retracement of the move from 304.00 to 22.17. Chartists are also paying close attention to the pair’s behaviour around the 87.86 area, representing the 76.4%…
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Sally Ho's Technical Analysis 30 July 2019

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