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Litecoin price analysis - LTCUSD bullish above $60

OctaFx | Apr. 9, 2019
Litecoin price analysis - LTCUSD bullish above $60

April 9, OctaFX – Litecoin continues to trade at elevated levels on Tuesday as the fifth largest cryptocurrency attempts to break past the $100.00 resistance barrier.

LTCUSD technical analysis

The weekly time frame shows that the LTCUSD pair is testing Ichimoku cloud resistance, which extends up towards the $200.00 level. The weekly time frame also shows that key Ichimoku support is currently located at the $70.00 and $60.00 levels.

  • The LTCUSD pair is bullish while trading above the $60.00 level, key resistance is found at the $100.00 and $150.00 levels.

  • If the LTCUSD pair fails before the $100.00 levels, key support is found at the $70.00 and $60.00 levels.

Litecoin PRICE ANALYSIS

Disclaimer

This article was provided by OctaFX. It should NOT substitute for professional marketing consulting. Forex margin trading involves substantial risks. Forex margin trading exposes participants to risks including, but not limited to, changes in political conditions, economic factors, and other factors. All of which may substantially affect the price or availability of one or more foreign currencies.

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