Sep 8, 2019
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Sally Ho’s Technical Analysis 8 September 2019

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Litecoin

Litecoin (LTC/USD) appreciated a little bit early in today’s Asian session as the pair reached the 70.00 figure after trading as high as the 70.58 area in yesterday’s North American session and finding buying pressure around the 64.64 area during yesterday’s European session.  Traders are trying to establish a base around the 100-bar MA (4-hourly), currently indicating around the 68.71 area, and keep the pair above the 50-bar MA (4-hourly).  Traders also established a base around the 66.80 area during the move higher, representing the 61.8% retracement of the move from 94.39 to 22.17.

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