April 16, OctaFX – Litecoin price is struggling to advance above the $80.00 on Tuesday, as the fifth largest cryptocurrency fails to attract fresh buying interest.
LTCUSD price analysis
The Ichimoku indicator on the daily time frame is currently showing that the $75.00 level is acting as major weekly support. If sellers manage to move the LTCUSD pair under the $75.00 level, a further decline towards the $65.00 level seems likely.
The LTCUSD price is only bullish while trading above the $75.00 level, key resistance is found at the $100.00 and $120.00 levels.
If the LTCUSD pair trades below the $75.00 levels, key support is found at the $65.00 and $58.00 levels.
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