LTCUSD (Litecoin) – Week 22 – Continuation of the downside?
GateHub, a blockchain asset marketplace that runs on the distributed Ripple payment technology, has added support for Litecoin and will begin listing LTC on June 2nd, 2021. The platform will fully support LTC for deposits, withdrawals, and trading on its XRPL-powered exchange. Furthermore, LTC may be traded with fiat (USD, EUR) and cryptocurrency (XRP, BTC, ETH, BCH, ETC, DSH) as well as any other XRPL IOU.
Technically, this crypto pair has the same chart pattern as the other big names in the field. After this consolidation is over, we see a continuation of the downtrend. If there is a move that breaks the resistance, we should consider a trend reversal.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
Technically, this crypto pair has the same chart pattern as the other big names in the field. After this consolidation is over, we see a continuation of the downtrend. If there is a move that breaks the resistance, we should consider a trend reversal.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
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