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LTCBTC likely to test 0.0016 in the near future. Where to next?

LTCBTC is moving towards a line of 0.0016 which it has tested numerous times in the past. We have seen it retrace from this position in the past, so at this stage it isn’t clear whether it will breach this price or rebound as it did before. If LTCBTC continues in its current trajectory, we may see it move towards 0.0016 within the next 2 days.

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NZD/USD is approaching 0.6128. We expect either a breakout through this line, or a rebound.

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