Hi, Traders ! **Monfex** is on the air !

**Litecoin stepped down to test from above the $60 broken high of the 9th of October.**



\* Litecoin (LTC) has been demonstrating a poor price dynamic over the past few months, compared to the rest of the market.

\* But the Bulls have become active in the end of October, after breaking above most of the daily resistances.

\* LTC is now trading for around $60, in a slight pullback from $64 and below the ascending short-term trend-line. The recent high of $64 is now stands as a resistance.

\* The price action, which is forming up on H4 Chart, shows a strong bullish presence at this level and suggests the price could reverse upwards from here.

**Active trade signal**

Buy @ $60.
Target: $70.
Stop-loss: $58.


*This report is for information purposes only and should not be considered a solicitation to buy or sell any cryptocurrency or cryptocurrency product. Monfex accepts no responsibility for any consequences resulting from the use of this material. Any person acting on this trade idea does so entirely at their own risk.*

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