Trading is about banal beyond the cryptocurrency bazaar on October 1, 2018. Very few bill and altcoins are in the green. However, a majority of the agenda asset are sending abrogating signals while recording amid 0.08% and 1% declines on the day (according to the top 20 cryptocurrencies. Litecoin, for example, is bottomward a attenuate 0.38% while trading at $61.07. It has exchanged at highs of $60.9 on the day while the upside is capped beneath $62.00.
The amount biconcave beneath $60.00 but the buyers stood their arena at $59.00 preventing any added after movement. Buying entries access at this position as LTC/USD bounced aback aloft $60.00. Retracement is additionally bound by the 15-minutes 50SMA and 100SMA. The trendline is, however, alms abiding abutment on the downside aloft $60.00. Slightly, aloft the trendline, addition concise abutment is accent at the 61.8% Fib akin with the aftermost beat aerial of $61.94 and a beat low of $59.82.
Looking at the chart, the RSI is alignment hardly aloft the 50 percent mark. Buyers are attractive advanced to $61.2, although the key attrition lies at $61.6 and $
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