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Litecoin price analysis - LTCUSD bullish above $75

OctaFx | Apr. 16, 2019
Litecoin price analysis - LTCUSD bullish above $75

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.

Litecoin price analysis, LTCUSD price

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.

Disclaimer: The views and opinions expressed in this article are solely those of the author and do not reflect the official policy or position of AtoZ Markets.com, nor should they be attributed to AtoZMarkets.