The best brokerage platform for the year 2013 and the most transparent broker in 2017, easyMarket, has highlighted the possibility of Litecoin (LTC) traversing for a rebound in a prediction made on Trading View.
With a clear indication that the crypto market daunting bearish situation hasn’t eluded it, the 2001 established broker, in its prediction stated that Litecoin is at the moment heading for its support.
The brokerage which aims at keeping traders safe in volatile situation stated that the support which Litecoin is approaching is a point where a strong bounce might occur.
According to the idea posted by @easymarkets on #tradingview, @litecoin $LTCUSD is approaching support where a strong bounce might occur. Do you think that $LTC could rise against the market? @LiteCoinNews @litecoin_bullhttps://t.co/pvFRUbeTf6
— TradingView (@tradingview) March 26, 2019
easyMarket, in its analysis reckoned the $60.93 point as Litecoin’s point of resistance while $54.90 and $52.35 point serves as the first and second support level respectively. easyMarket posited that LTC/USD is approaching its first support (horizontal swing low support, 100%, 61.8% Fibonacci extension), but would likely not reach its second support level before initiating a strong rebound.
The analysis added that the Stochastic (89,5,3) is also heading towards the support where a corresponding bounce in price might be experienced.
The price rebound which is estimated to take place before the end of the first quarter, according to the analysis, might take Litecoin to a major resistance point at 60.93 (horizontal swing high resistance).
easyMarket ended its statement by imploring trading to be careful in investing as Trading Contact for Differences (CFD) on margin is associated with high risk.
Little About easyMarket’s Milestones
Aside the 2013 and 2017 awards won by easyMarket, the brokerage has also featured in a number of tremendous honors.
In 2018, easyMarket was rated the best broker in Asia Pacific region by ADVFN, and the year 2017 handed in 3 honors which includes: investors’ most trusted platform, best trading platform and the most transparent platform for the year.
easyMarket also made it has the best UK platform and the award winner of Złoty Laur Konsumenta in the year 2016.
easyMarket has got enough reputation and experience in the market to make a prediction that would likely prevail. Even though the market is in shambles, there are possibilities that Litecoin (LTC) might soon witness a rebound looking at the 4H market chart of the altcoin which signals resilience against the market bearish force.
