HomeContributorsTechnical AnalysisLTCUSD Awaiting Next Move

LTCUSD Awaiting Next Move

Litecoin is attempting to recover bullish momentum, after coming under slight downside pressure in early week trading. The fourth-largest cryptocurrency by market capitalization needs to break above the $54.00 level in order to encourage further technical buying. If the LTCUSD pair trades under the $50.00, sellers will likely test towards the cryptocurrencies former weekly trading low.

The LTCUSD pair is bullish while trading above the $50.00 level, key technical resistance is found at the $54.00 and $65.00 levels.

If the LTCUSD pair trades below the $50.00 level, key support is found at the $45.00 and $41.50 levels.

Octa
Octahttp://octaengine.com/c/?p=203&bt=gif&b=2369
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.

Featured Analysis

Learn Forex Trading