Hello, Traders! Monfex is at your service and today we overview LTC/USD.
The Litecoin team discussed the prospects for cryptocurrency after increasing privacy through the introduction of MimbleWimble technology. Despite all the risks, the creator of LTC Charlie Lee is still ready to finance the work.
Litecoin brokeout the triangle, tested the ex-resistance line and start to growing. If ascending movement by LTC will continue next several days it has a chance to break the resistance zone and reach the target of $72.3.
Active Trade Signal by LTC/USD
Take profit near the resistance zone ~ $62.85-64.4
Buy near the local support zone ~ $59.5
Stop loss at $57.18
Market Cap $3 842 898 575 USD
Volume (24h) $3 527 805 636 USD
Circulating Supply 63 605 671 LTC
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Disclaimer This report is for information purposes only and should not be considered a solicitation to buy or sell any trading assets. Monfex accepts no responsibility for any consequences resulting from the use of this material. Any person acting on this trade idea does so entirely at their own risk.
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