January 4, OctaFX – The LTCUSD pair is consolidating above the $30.00 level in early Friday trade, after two failed attempts to surpass the $33.00 resistance area.
LTCUSD Technical Prediction
Buyers now need a strong move above the $36.00 level in order to trigger the bullish inverted head and shoulders pattern on the lower time frames. Repeated failure to launch higher may prompt a further technical test of the $26.00 support level.
- The LTCUSD pair is only bullish while trading above the $33.00 level, key resistance is found at the $36.60 and the $45.00 levels.
- If the LTCUSD pair moves below the $30.00, sellers may test the $26.00 and $21.50 support levels.
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