Mon, Dec 05, 2022 @ 01:24 GMT
HomeContributorsTechnical AnalysisLTCUSD $63.00 Breakout Zone

LTCUSD $63.00 Breakout Zone

Litecoin is holding onto the $60.00 support level, as short and medium-term traders keep the recent bullish momentum intact. Technical analysis highlights that the LTCUSD pair could surge towards the $70.00 level if the $63.00 resistance zone is overcome. Additionally, a breakout above $70.00 could see Litecoin starting to rally towards the psychological $100.00 level.

The LTCUSD pair is only bullish while trading above the $57.00 level, key resistance is found at the $63.00 and the $70.00 levels.

If the LTCUSD pair trades below the $57.00, sellers may test the $53.00 and $50.00 support levels.

Octa Markets Incorporated is a forex broker recognized worldwide. OctaFX provides forex brokerage services to its clients in over 100 countries around the world. OctaFX uses the most up-to-date technology and knowledge to make your forex trading experience incredibly convenient. Our top goal is the trust and satisfaction of each client's needs and requirements. OctaFX sets the highest service level standards and maintains them, as well as constantly developing new services and promotions.

Featured Analysis

Learn Forex Trading