LTCUSD $90.00 Fade

Litecoin has fallen back towards the $80.00 support level, after hitting a new yearly high over the weekend, around the $90.00 level. Traders that are bullish towards the LTCUSD pair may await a stronger pullback to enter back into the prevailing bullish trend. Higher time frame analysis still shows that the $120.00 resistance level still remains a viable long-term target for bulls.

The LTCUSD pair is only bullish while trading above the $75.00 level, key resistance is found at the $90.00 and the $100.00 levels.

If the LTCUSD pair trades below the $75.00, sellers may test the $73.00 and $70.00 support levels.

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Octa (formerly OctaFX) is an international broker that has been providing online trading services worldwide since 2011. It offers commission-free access to financial markets and a variety of services already utilised by clients from 180 countries with more than 40 million trading accounts.

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