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Litecoin price analysis - LTCUSD bullish above $85

OctaFx | May. 21, 2019
Litecoin price analysis - LTCUSD bullish above $85

21 May 2019, OctaFX – Litecoin price is holding above major technical support in early Tuesday trade after the sixth largest cryptocurrency by market capitalization was rejected from just above the $100.00 level.

Litecoin price technical analysis

If LTCUSD bulls can hold price above the $85.00 level another test of the $100.00 level seems likely. Overall, the bullish inverted head and shoulders pattern on the four-hour time frame still has an upside target of at least $130.00.

  • LTCUSD price is only bullish while trading above the $85.00 level, key resistance is found at the $100.00 and $130.00 levels.

  • If LTCUSD price trades below the $85.00 level, key support is found at the $77.00 and $70.00 levels.

LTCUSD price, 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.

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.