LiteCoin LTC Long

Jonathan Kibbler, January 2nd, 2018

Over the past month we have seen the main players in the crypto space lose most of the gains they made earlier in the year and they're questions hanging over the longevity of the cryptocurrency market however we feel cryptos are here to stay and will continue to look for longer term opportunities. LTCUSD has now broken the countertrend trendline and looks to be heading higher. The resistance of 258.00 will be key to a longer term move to the upside.

Jonathan Kibbler

About the author: Head currency trader at Colmore FX. Jonathan has been professionally trained by two hedge fund managers in London and has grown a strong passion for financial markets. His trading strategy combines Daily, 4HR and 1HR charts with top down analysis to generate trading ideas.

Spread bets and CFDs are leveraged products and can result in losses that exceed deposits. Please ensure you fully understand the risks and take care to manage your exposure.