Sally Ho's Technical Analysis 12 July 2019Sally Ho's Technical Analysis 12 July 2019

Litecoin Litecoin (LTC/USD) has shed a significant amount of ground this week, cratering to the 95.25 area during Thursday’s European session after declining to 102.50 level during Wednesday’s North American session, its weakest showing since early June. Stops were elected this week below the 109.93 area, representing the 38.2% retracement of the 251.90 – 22.17 range. During the massive decline on Wednesday, the price cratered to just below the 102.99 area, representing the 76.4% retracement of the move from 127.95 to 22.17.  During yesterday’s move, LTC/USD tested and then traded below the 95.86 area, representing the 61.8% retracement of the…
Source: Sally Ho's Technical Analysis 12 July 2019

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