Jul 15, 2019
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Sally Ho’s Technical Analysis 15 July 2019

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Litecoin

Litecoin (LTC/USD) extended recent losses during yesterday’s North American session and traded below the 92.00 figure for the first time since 24 May. Stops were elected below the 95.86 area, representing the 61.8% retracement of the move from 64.86 to 146.00.  The pair’s next downside retracement level related to that range is the 84.01 area, and Stops are likely in place below this level as well. Price activity is approaching a couple of critical levels and if they are broken, bearish sentiment will likely continue.

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