FX.co ★ #Litecoin chart analysis

LTC/USD, the quote is currently around 50.50. Актив продолжает затяжное падение и не может закрепиться выше локального сопротивления 50.80. The asset continues its prolonged decline and cannot hold above the local resistance at 50.80. The technical picture fully confirms a bearish scenario, indicators point to buyers' weakness. The nearest target for the decline is 46.50. Fundamentally Litecoin follows the general trend of cryptocurrencies, which are losing value. Today's macroeconomic events, such as Lagarde's speech and the OPEC report, may increase the pressure. I am considering selling from 51.00 with a tight stop above 52.50. If I see a confident close below 49.50, I will hold the short until 46.50. If it returns above 52.50, the scenario will be invalidated.