LTCUSD (Litecoin) – Week 39 – Is the support holding?
Online brokerage Robinhood announced Wednesday that it is rolling out its long-awaited crypto wallet and transfer features to make it easier for customers to send and receive cryptocurrencies. Starting next month, select Robinhood customers can begin testing the features, said the company. More customers will be able to join at a later date through a waitlist, it added. Robinhood currently supports seven cryptocurrencies, Litecoin being one of them. As for storing crypto in the wallet, Robinhood said it is supporting security features such as identity verification, multi-factor authentication, and email and phone verification.
Technically, the price of Litecoin continued its path to the downside where it reached and retested on multiple occasions the support area marked on the chart. For now, we give a higher probability for the price to break the orange trendline marked on the chart and continue to the upside.
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, the price of Litecoin continued its path to the downside where it reached and retested on multiple occasions the support area marked on the chart. For now, we give a higher probability for the price to break the orange trendline marked on the chart and continue to the upside.
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.
