Litecoin (LTC) Price Falters Alongside BTC, Slips to 2-Month Low

Litecoin (LTC) Price Outlook:

Litecoin（LTC）价格展望：

• Litecoin is down roughly 15% from Friday and trades near $90 for the first time since May

  Litecoin从周五下跌约15％自5月以来第一次交易价格接近90美元

• Support around $84.50 has provided some buoyancy for the time being

  目前支撑位84.50美元左右已经提供了一些浮力

• LTCUSD sold off alongside Bitcoin which is now in oversold territory according to one technical indicator

  根据一项技术指标，LTCUSD与比特币一起出售，现在处于超卖状态

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Litecoin (LTC) Price Falters Alongside BTC, Slips to 2-Month Low

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The price of Litecoin dropped approximately 15% over the weekend as a widespread cryptocurrency selloff took shape. The crypto world was thrust into mainstream headlines after President Trump tweeted he was “not a fan of Bitcoin or other cryptocurrencies.” Similarly, Facebooks Libra cryptocurrency continues to face regulatory scrutiny, but some crypto believers stand steadfast as they adhere to the “no publicity is bad publicity” approach. Either way, Litecoin remains firmly within positive territory – boasting a 180% return in the year-to-date.

Litecoin价格下跌约15％周末，随着广泛的加密货币抛售逐渐形成。在特朗普总统发布推文说他“不是比特币或其他加密货币的粉丝”后，加密世界成为主流头条新闻。同样，Facebook天秤座加密货币继续面临监管审查，但一些加密信徒坚持认为他们坚持“不宣传”是一种糟糕的宣传方法。无论哪种方式，Litecoin仍然保持在积极的领域 - 今年迄今为止的回报率为180％。

Litecoin Price Chart: Daily Time Frame (March - July) (Chart 1)

Litecoin价格走势图：每日时间框架（3月 - 7月）（图1）

In the near-term however, the situation appears direr as LTCUSD looks to hold above support around $84.50. The level marks Litecoins lows in mid to late-May and has held influence over price in the past. Should horizontal support be proven insufficient, the coin will look to test the 200-day moving average – currently residing at $75. A break beneath the latter level could accelerate losses as bullish sentiment is called into question.

在短期内，情况似乎与LTCUSD一样严峻看起来支撑在84.50美元附近。该水平标志着Litecoins在5月中下旬的低点，并且过去曾对价格产生影响。如果证明水平支撑不足，硬币将测试200天移动平均线 - 目前居住在75美元。由于看涨情绪受到质疑，在后一水平下方突破可能加速跌势。

On the other hand, topside resistance appears somewhat sparse. Aside from the $100 psychological level, subsequent resistance resides around $116 with the 23.6% Fibonacci retracement. But while the road higher appears to be the path of least resistance, proximity to critical support – namely the 200-day moving average – is concerning.

另一方面，上行阻力似乎有些稀少。除了100美元的心理水平之外，随后的阻力位于116美元附近，斐波纳契回撤位数为23.6％。但是，虽然更高的道路似乎是道路阻力最小，接近关键支撑 - 即200日移动平均线 - 令人担忧。

That said, cryptocurrency may remain in the headlines for the time being with Facebook‘s David Marcus – head of Calibra – set to testify before Congress on Monday regarding Libra’s adoption and regulatory policy. Despite the scrutiny, IG clients remain overwhelmingly bullish on all cryptocurrencies with almost 93% of traders net-long Litecoin.

这就是说，加密货币可能暂时成为Facebook大卫的头条新闻马库斯 - 卡利布拉的负责人 - 将于周一在国会就有关天秤座的采用和监管政策作证。尽管经过仔细审查，IG客户仍然非常看好所有加密货币，近93％的交易者持有净多头的Litecoin。

Retail trader data shows 92.8% of traders are net-long with the ratio of traders long to short at 12.84 to 1. The number of traders net-long is 5.3% lower than yesterday and 9.4% lower from last week, while the number of traders net-short is unchanged than yesterday and 24.2% lower from last week. While IG client sentiment data is typically used as a contrarian indicator, traders are rarely net-short digital assets – similar to client positioning on gold.

零售交易者数据显示92.8％的交易者为净多头，交易者多头空头比率为12.84比1.交易者净多头比昨天减少5.3％，比上周减少9.4％，而交易商净空头数量较少与昨天持平，较上周下降24.2％。虽然IG客户情绪数据通常被用作逆向指标，但交易者很少是净空白数字资产 - 类似于客户对黄金的定位。