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.
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